LEADER 08029nam 2200673Ia 450 001 9910456860103321 005 20200520144314.0 010 $a0-8147-8657-X 010 $a0-8147-4143-6 024 7 $a10.18574/9780814786574 035 $a(CKB)2520000000007941 035 $a(EBL)866211 035 $a(OCoLC)779828477 035 $a(SSID)ssj0000474741 035 $a(PQKBManifestationID)11315628 035 $a(PQKBTitleCode)TC0000474741 035 $a(PQKBWorkID)10455218 035 $a(PQKB)10650825 035 $a(MiAaPQ)EBC866211 035 $a(OCoLC)647873266 035 $a(MdBmJHUP)muse10302 035 $a(DE-B1597)547153 035 $a(DE-B1597)9780814786574 035 $a(Au-PeEL)EBL866211 035 $a(CaPaEBR)ebr10364164 035 $a(EXLCZ)992520000000007941 100 $a20090901d2009 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aClimate finance$b[electronic resource] $eregulatory and funding strategies for climate change and global development /$fedited by Richard B. Stewart, Benedict Kingsbury, and Bryce Rudyk 210 $aNew York $cNew York University Press$d2009 215 $a1 online resource (346 p.) 300 $aIncludes index. 300 $a"A publication of the New York University Abu Dhabi Institute." 311 $a0-8147-4138-X 320 $aIncludes bibliographical references and index. 327 $tClimate Finance --$tFront matter --$tContents --$tAcknowledgments --$tForeword: NYU Abu Dhabi and the Sustainable Environment --$tSummary of Key Findings and Recommendations --$tAbout the Contributors --$tPart I. Climate Change and Mitigation: Overview and Key Themes --$t1. Climate Finance for Limiting Emissions and Promoting Green Development: Mechanisms, Regulation, and Governance --$t2. Understanding the Causes and Implications of Climate Change --$t3. The Climate Financing Problem: Funds Needed for Global Climate Change Mitigation Vastly Exceed Funds Currently Available --$t4. The Future of Climate Governance: Creating a More Flexible Architecture --$tPart II. Proposals for Climate Finance: Regulatory and Market Mechanisms and Incentives --$tA. Trading or Taxes? --$t5. Cap-and-Trade Is Preferable to a Carbon Tax --$tB. Reforming the Clean Development Mechanism (CDM ) --$t6. Expectations and Reality of the Clean Development Mechanism: A Climate Finance Instrument between Accusation and Aspirations --$tC. Sectoral Programs for Emissions Control and Crediting --$t7. Why a Successful Climate Change Agreement Needs Sectoral Elements --$t8. Sectoral Crediting: Getting the Incentives Right for Private Investors --$t9. Forest and Land Use Programs Must Be Given Financial Credit in Any Climate Change Agreement --$t10. Stock-and-Flow Mechanisms to Reduce Land Use, Land Use Change, and Forestry Emissions: A Proposal from Brazil --$tD. Leveraging Trading to Maximize Climate Benefits --$t11. Mitigating Climate Change at Manageable Cost: The Catalyst Proposal --$t12. Engaging Developing Countries by Incentivizing Early Action --$tE. Linking Trading Systems --$t13. Carbon Market Design: Beyond the EU Emissions Trading Scheme --$tF. Investor Perspectives --$t14. Incentivizing Private Investment in Climate Change Mitigation --$t15. Investment Opportunities and Catalysts: Analysis and Proposals from the Climate Finance Industry on Funding Climate Mitigation --$tPart III. Bringing Developed and Developing Countries Together in Climate Finance Bargains: Trust, Governance, and Mutual Conditionality --$tA. Meeting Developing Country Climate Finance Priorities --$t16. Developing Country Concerns about Climate Finance Proposals: Priorities, Trust, and the Credible Donor Problem --$t17. Developing Countries and a Proposal for Architecture and Governance of a Reformed UNFCCC Financial Mechanism --$t18. Climate Change and Development: A Bottom-Up Approach to Mitigation for Developing Countries? --$t19. Operationalizing a Bottom-Up Regime: Registering and Crediting NAMAs --$tB. Conditionality and Its Governance --$t20. From Coercive Conditionality to Agreed Conditions: The Only Future for Future Climate Finance --$t21. Getting Climate-Related Conditionality Right --$t22. Making Climate Financing Work: What Might Climate Change Experts Learn from the Experience of Development Assistance? --$tPart IV. National Policies: Implications for the Future Global Climate Finance Regime --$t23. Climate Legislation in the United States: Potential Framework and Prospects for International Carbon Finance --$t24. The EU ETS: Experience to Date and Lessons for the Future --$t25. Greenhouse Gas Emissions and Mitigation Measures in China --$t26. Cities and GHG Emissions Reductions: An Opportunity We Cannot Afford to Miss --$t27. A Prototype for Strategy Change in Oil-Exporting MENA States? The Masdar Initiative in Abu Dhabi --$tPart V. Climate Finance and World Trade Organization (WTO) Law and Policy --$t28. The WTO and Climate Finance: Overview of the Key Issue --$t29. Carbon Trading and the CDM in WTO Law --$t30. Countervailing Duties and Subsidies for Climate Mitigation: What Is, and What Is Not, WTO-Compatible? --$t31. Border Climate Adjustment as Climate Policy --$t32. Enforcing Climate Rules with Trade Measures: Five Recommendations for Trade Policy Monitoring --$t33. Carbon Footprint Labeling in Climate Finance: Governance and Trade Challenges of Calculating Products? Carbon Content --$tPart VI. Taxation of Carbon Markets --$t34. Fiscal Considerations in Curbing Climate Change --$t35. Tax and Efficiency under Global Cap-and-Trade --$t36. Tax Consequences of Carbon Cap-and-Trade Schemes: Free Permits and Auctioned Permits --$tAfterword: Reflections on a Path to Effective Climate Change Mitigation --$tAbbreviations --$tIndex 330 $aPreventing risks of severe damage from climate change not only requires deep cuts in developed country greenhouse gas emissions, but enormous amounts of public and private investment to limit emissions while promoting green growth in developing countries. While attention has focused on emissions limitations commitments and architectures, the crucial issue of what must be done to mobilize and govern the necessary financial resources has received too little consideration. In Climate Finance, a leading group of policy experts and scholars shows how effective mitigation of climate change will depend on a complex mix of public funds, private investment through carbon markets, and structured incentives that leave room for developing country innovations. This requires sophisticated national and global regulation of cap-and-trade and offset markets, forest and energy policy, international development funding, international trade law, and coordinated tax policy. Thirty-six targeted policy essays present a succinct overview of the emerging field of climate finance, defining the issues, setting the stakes, and making new and comprehensive proposals for financial, regulatory, and governance mechanisms that will enrich political and policy debate for many years to come. The complex challenges of climate finance will continue to demand fresh insights and creative approaches. The ideas in this volume mark out starting points for essential institutional and policy innovations. 606 $aClimatic changes$xGovernment policy 606 $aClimatic changes$xEconomic aspects 606 $aEconomic development$xEnvironmental aspects 608 $aElectronic books. 615 0$aClimatic changes$xGovernment policy. 615 0$aClimatic changes$xEconomic aspects. 615 0$aEconomic development$xEnvironmental aspects. 676 $a363.738/74 701 $aStewart$b Richard B$01029626 701 $aKingsbury$b Benedict$0256839 701 $aRudyk$b Bryce$01053229 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910456860103321 996 $aClimate finance$92485027 997 $aUNINA