State and Trends of the Carbon Market—2004

This study describes the status of the emerging carbon market, as of May 2004. The carbon market encompasses trades of greenhouse gas (GHG) emission allowances (under the European Union (EU) Emissions Trading Scheme), and project-based transactions...

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Main Author:	Lecocq, Franck
Format:	Publication
Language:	English en_US
Published:	2012
Subjects:	ABATEMENT ABATEMENT COSTS ALLOWANCE MARKETS ALLOWANCE TRADING ATMOSPHERE CARBON CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON EMISSIONS CARBON FINANCE CARBON FINANCE BUSINESS CARBON FUND CARBON FUNDS CARBON MARKET CARBON PAYMENTS CARBON PRICES CARBON PURCHASES CARBON TRADES CARBON TRANSACTIONS CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLEAN TECHNOLOGIES CLIMATE CHANGE CLIMATE EXCHANGE CLIMATE TRUST COAL COMMODITY MODEL CURRENT PRICES CYCLE PLANT DEBT DIESEL DIESEL GENERATORS DIRECT INVESTMENT DISBURSEMENT SCHEDULE DOMESTIC EMISSIONS DOMESTIC POLICIES ECONOMIES IN TRANSITION EMISSION EMISSION REDUCTION EMISSION REDUCTION ACTIVITIES EMISSION REDUCTION PROJECT EMISSION REDUCTION TRANSACTIONS EMISSION REDUCTIONS EMISSION TARGETS EMISSION TRADING EMISSION TRADING SCHEMES EMISSIONS EMISSIONS ALLOWANCES EMISSIONS QUOTAS EMISSIONS REDUCTIONS ENERGY EFFICIENCY ENVIRONMENTAL STANDPOINT EXCESS EMISSIONS FINANCIAL STRUCTURE FUEL FUEL EFFICIENCY FUEL SWITCHING GAS CAPTURE GAS MARKET GAS PROJECT GLOBAL ENVIRONMENTAL FACILITY GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES LANDFILL LANDFILL GAS LANDFILL-GAS LAWS LEGAL STATUS LEGISLATION MARKET VALUE MEMBER STATES METHANE METHANE CAPTURE NATIONAL LEVEL PENALTIES POINT OF VIEW POINT SOURCES POWER GENERATION SUB-SAHARAN AFRICA SUBSIDIARY TRANSACTION COSTS TRANSITION ECONOMIES UTILITIES VOLUNTARY COMMITMENTS VOLUNTARY EMISSIONS WASTE WIND
Online Access:	http://documents.worldbank.org/curated/en/2005/04/6430316/state-trends-carbon-market-2004 http://hdl.handle.net/10986/7457

id	okr-10986-7457
recordtype	oai_dc
spelling	okr-10986-74572021-04-23T14:02:28Z State and Trends of the Carbon Market—2004 Lecocq, Franck ABATEMENT ABATEMENT COSTS ALLOWANCE MARKETS ALLOWANCE TRADING ATMOSPHERE CARBON CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON EMISSIONS CARBON FINANCE CARBON FINANCE BUSINESS CARBON FUND CARBON FUNDS CARBON MARKET CARBON PAYMENTS CARBON PRICES CARBON PURCHASES CARBON TRADES CARBON TRANSACTIONS CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLEAN TECHNOLOGIES CLIMATE CHANGE CLIMATE EXCHANGE CLIMATE TRUST COAL COMMODITY MODEL CURRENT PRICES CYCLE PLANT DEBT DIESEL DIESEL GENERATORS DIRECT INVESTMENT DISBURSEMENT SCHEDULE DOMESTIC EMISSIONS DOMESTIC POLICIES ECONOMIES IN TRANSITION EMISSION EMISSION REDUCTION EMISSION REDUCTION ACTIVITIES EMISSION REDUCTION PROJECT EMISSION REDUCTION TRANSACTIONS EMISSION REDUCTIONS EMISSION TARGETS EMISSION TRADING EMISSION TRADING SCHEMES EMISSIONS EMISSIONS ALLOWANCES EMISSIONS QUOTAS EMISSIONS REDUCTIONS ENERGY EFFICIENCY ENVIRONMENTAL STANDPOINT EXCESS EMISSIONS FINANCIAL STRUCTURE FUEL FUEL EFFICIENCY FUEL SWITCHING GAS CAPTURE GAS MARKET GAS PROJECT GLOBAL ENVIRONMENTAL FACILITY GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES LANDFILL LANDFILL GAS LANDFILL-GAS LAWS LEGAL STATUS LEGISLATION MARKET VALUE MEMBER STATES METHANE METHANE CAPTURE NATIONAL LEVEL PENALTIES POINT OF VIEW POINT SOURCES POWER GENERATION SUB-SAHARAN AFRICA SUBSIDIARY TRANSACTION COSTS TRANSITION ECONOMIES UTILITIES VOLUNTARY COMMITMENTS VOLUNTARY EMISSIONS WASTE WIND This study describes the status of the emerging carbon market, as of May 2004. The carbon market encompasses trades of greenhouse gas (GHG) emission allowances (under the European Union (EU) Emissions Trading Scheme), and project-based transactions, whereby a buyer participates in the financing of a project that reduces GHG emissions, compared with what would have happened otherwise, and gets emission reduction credits in exchange (for example, Clean Development Mechanism, or Joint Implementation projects under the Kyoto Protocol). The study finds that the carbon market is growing steadily. A total of 64 million metric tons of carbon dioxide equivalent (tCO2e) has been exchanged through projects from January to May 2004, nearly as much as during the whole year 2003 (78 million). Furthermore, the demand for emission reductions remains heavily concentrated, with a few EU governments, and Japanese firms the largest buyers. Finally, Asia is now the largest supplier of emission reductions, followed by Latin America, developed economies, and Eastern Europe. Prices of project-based emission reductions in early 2004 have remained essentially stable compared with 2003. In the absence of a standard contract, these prices strongly depend on the structure of the transaction, notably risk-sharing between buyers and sellers. 2012-06-07T20:10:06Z 2012-06-07T20:10:06Z 2005 http://documents.worldbank.org/curated/en/2005/04/6430316/state-trends-carbon-market-2004 978-0-8213-6117-7 http://hdl.handle.net/10986/7457 English en_US World Bank Working Paper No. 44 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ABATEMENT ABATEMENT COSTS ALLOWANCE MARKETS ALLOWANCE TRADING ATMOSPHERE CARBON CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON EMISSIONS CARBON FINANCE CARBON FINANCE BUSINESS CARBON FUND CARBON FUNDS CARBON MARKET CARBON PAYMENTS CARBON PRICES CARBON PURCHASES CARBON TRADES CARBON TRANSACTIONS CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLEAN TECHNOLOGIES CLIMATE CHANGE CLIMATE EXCHANGE CLIMATE TRUST COAL COMMODITY MODEL CURRENT PRICES CYCLE PLANT DEBT DIESEL DIESEL GENERATORS DIRECT INVESTMENT DISBURSEMENT SCHEDULE DOMESTIC EMISSIONS DOMESTIC POLICIES ECONOMIES IN TRANSITION EMISSION EMISSION REDUCTION EMISSION REDUCTION ACTIVITIES EMISSION REDUCTION PROJECT EMISSION REDUCTION TRANSACTIONS EMISSION REDUCTIONS EMISSION TARGETS EMISSION TRADING EMISSION TRADING SCHEMES EMISSIONS EMISSIONS ALLOWANCES EMISSIONS QUOTAS EMISSIONS REDUCTIONS ENERGY EFFICIENCY ENVIRONMENTAL STANDPOINT EXCESS EMISSIONS FINANCIAL STRUCTURE FUEL FUEL EFFICIENCY FUEL SWITCHING GAS CAPTURE GAS MARKET GAS PROJECT GLOBAL ENVIRONMENTAL FACILITY GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES LANDFILL LANDFILL GAS LANDFILL-GAS LAWS LEGAL STATUS LEGISLATION MARKET VALUE MEMBER STATES METHANE METHANE CAPTURE NATIONAL LEVEL PENALTIES POINT OF VIEW POINT SOURCES POWER GENERATION SUB-SAHARAN AFRICA SUBSIDIARY TRANSACTION COSTS TRANSITION ECONOMIES UTILITIES VOLUNTARY COMMITMENTS VOLUNTARY EMISSIONS WASTE WIND
spellingShingle	ABATEMENT ABATEMENT COSTS ALLOWANCE MARKETS ALLOWANCE TRADING ATMOSPHERE CARBON CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON EMISSIONS CARBON FINANCE CARBON FINANCE BUSINESS CARBON FUND CARBON FUNDS CARBON MARKET CARBON PAYMENTS CARBON PRICES CARBON PURCHASES CARBON TRADES CARBON TRANSACTIONS CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLEAN TECHNOLOGIES CLIMATE CHANGE CLIMATE EXCHANGE CLIMATE TRUST COAL COMMODITY MODEL CURRENT PRICES CYCLE PLANT DEBT DIESEL DIESEL GENERATORS DIRECT INVESTMENT DISBURSEMENT SCHEDULE DOMESTIC EMISSIONS DOMESTIC POLICIES ECONOMIES IN TRANSITION EMISSION EMISSION REDUCTION EMISSION REDUCTION ACTIVITIES EMISSION REDUCTION PROJECT EMISSION REDUCTION TRANSACTIONS EMISSION REDUCTIONS EMISSION TARGETS EMISSION TRADING EMISSION TRADING SCHEMES EMISSIONS EMISSIONS ALLOWANCES EMISSIONS QUOTAS EMISSIONS REDUCTIONS ENERGY EFFICIENCY ENVIRONMENTAL STANDPOINT EXCESS EMISSIONS FINANCIAL STRUCTURE FUEL FUEL EFFICIENCY FUEL SWITCHING GAS CAPTURE GAS MARKET GAS PROJECT GLOBAL ENVIRONMENTAL FACILITY GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES LANDFILL LANDFILL GAS LANDFILL-GAS LAWS LEGAL STATUS LEGISLATION MARKET VALUE MEMBER STATES METHANE METHANE CAPTURE NATIONAL LEVEL PENALTIES POINT OF VIEW POINT SOURCES POWER GENERATION SUB-SAHARAN AFRICA SUBSIDIARY TRANSACTION COSTS TRANSITION ECONOMIES UTILITIES VOLUNTARY COMMITMENTS VOLUNTARY EMISSIONS WASTE WIND Lecocq, Franck State and Trends of the Carbon Market—2004
relation	World Bank Working Paper No. 44
description	This study describes the status of the emerging carbon market, as of May 2004. The carbon market encompasses trades of greenhouse gas (GHG) emission allowances (under the European Union (EU) Emissions Trading Scheme), and project-based transactions, whereby a buyer participates in the financing of a project that reduces GHG emissions, compared with what would have happened otherwise, and gets emission reduction credits in exchange (for example, Clean Development Mechanism, or Joint Implementation projects under the Kyoto Protocol). The study finds that the carbon market is growing steadily. A total of 64 million metric tons of carbon dioxide equivalent (tCO2e) has been exchanged through projects from January to May 2004, nearly as much as during the whole year 2003 (78 million). Furthermore, the demand for emission reductions remains heavily concentrated, with a few EU governments, and Japanese firms the largest buyers. Finally, Asia is now the largest supplier of emission reductions, followed by Latin America, developed economies, and Eastern Europe. Prices of project-based emission reductions in early 2004 have remained essentially stable compared with 2003. In the absence of a standard contract, these prices strongly depend on the structure of the transaction, notably risk-sharing between buyers and sellers.
format	Publications & Research :: Publication
author	Lecocq, Franck
author_facet	Lecocq, Franck
author_sort	Lecocq, Franck
title	State and Trends of the Carbon Market—2004
title_short	State and Trends of the Carbon Market—2004
title_full	State and Trends of the Carbon Market—2004
title_fullStr	State and Trends of the Carbon Market—2004
title_full_unstemmed	State and Trends of the Carbon Market—2004
title_sort	state and trends of the carbon market—2004
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/04/6430316/state-trends-carbon-market-2004 http://hdl.handle.net/10986/7457
_version_	1764399735943200768

State and Trends of the Carbon Market—2004

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