LEADER 04235nam 2200661Ia 450 001 9910820979603321 005 20200520144314.0 010 $a1-280-14140-9 010 $a9786610141401 010 $a1-4175-9097-1 024 7 $a10.1596/0-8213-6117-1 035 $a(CKB)1000000000031552 035 $a(OCoLC)84741906 035 $a(CaPaEBR)ebrary10078525 035 $a(SSID)ssj0000089654 035 $a(PQKBManifestationID)11130437 035 $a(PQKBTitleCode)TC0000089654 035 $a(PQKBWorkID)10111351 035 $a(PQKB)10564839 035 $a(MiAaPQ)EBC3050785 035 $a(Au-PeEL)EBL3050785 035 $a(CaPaEBR)ebr10078525 035 $a(CaONFJC)MIL14140 035 $a(The World Bank)2005043406 035 $a(US-djbf)13893866 035 $a(EXLCZ)991000000000031552 100 $a20050309d2005 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aState and trends of the carbon market 2004 /$fFranck Lecocq 205 $a1st ed. 210 $aWashington, DC $cWorld Bank$d2005 215 $aviii, 33 pages $cillustrations ;$d26 cm 225 1 $aWorld Bank working paper ;$vno. 44 300 $aState and Trends of the Carbon Market 2004 examines the status of the emerging market for greenhouse gases emissions allowances and greenhouse gases emission reduction project...the so-called "carbon market." Based on a database of 354 transactions, this study shows that the market has been growing steadily over the past years, with demand still heavily concentrated and supply shifting from Latin America to Asia. It also explores the determinants of the price of carbon, showing that, in the absence of a standard contract for the purchase of emission reductions, the structure of the transaction has a strong impact on the price. 311 $a0-8213-6118-X 311 $a0-8213-6117-1 320 $aIncludes bibliographical references. 327 $aIntro -- Contents -- Acknowledgments -- Executive Summary -- 1. Introduction -- 2. Market Structure -- Two Types of Carbon Transactions -- Segments of the Carbon Market -- 3. Methodology -- 4. Project-Based Transactions-Volumes and Flows -- Project-Based Transactions: A Market in Rapid Growth -- Who's Buying? -- Who's Selling? -- Balance among Asset Classes -- The Retail Market -- 5. Project-Based Transactions: Contracts and Prices -- Structure of Transactions -- Observed Prices -- Other Determinants of Prices -- Total Value of Project-Based Transactions -- 6. Allowance Markets -- The UK Emission Trading Scheme -- The EU Trading Scheme -- The Chicago Climate Exchange -- The New South Wales GHG Abatement Scheme -- 7. Market Outlook -- Regulatory Drivers -- Market Outlook -- 8. Conclusion -- LIST OF TABLES -- Table 1. Completeness of Data on Project-Based Transactions -- Table 2. Volumes Exchanged and Number of Transactions per Market Segment -- LIST OF FIGURES -- Figure 1. Annual Volumes (million tCO2e) of project-based emission reductions traded (up to 2012 vintages) -- Figure 2. Market Buyers (share of volume of ERs purchased) -- Figure 3. Location of Emission Reduction Projects (in share of volume supplied) -- Figure 4. Location of Projects by type of Buyer January 2003-May 2004 (in million tCO2e) -- Figure 5. Technology Share of Emission Reduction Projects 2003-2004 (in percent of total volume contracted) -- Figure 6. Prices for Non-Retail Project-Based ERs 2003-2004 (in U.S. per tCO2e) -- Figure 7. Total Market Value (estimate) per year in million U.S. dollars (nominal). 410 0$aWorld Bank working paper ;$vno. 44. 606 $aEmissions trading 606 $aGreenhouse gases$xEconomic aspects 606 $aEconomic development$xEnvironmental aspects 615 0$aEmissions trading. 615 0$aGreenhouse gases$xEconomic aspects. 615 0$aEconomic development$xEnvironmental aspects. 676 $a363.738/7456 700 $aLecocq$b Franck$01681640 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910820979603321 996 $aState and trends of the carbon market 2004$94051169 997 $aUNINA