Search

Displaying 1 - 10 of 8822

Changes in Carbon Markets and Regulatory Systems from Kyoto to Paris and How the World Bank Group Responded to these Changes (Working Paper)

PDF file
This study provides a structured review of the existing literature on changes in international market mechanisms for greenhouse gas reductions and related regulatory systems. The assessment period 1997 to 2016 starts with the signing of the Kyoto Protocol and ends with the entry into force of the Paris Agreement. It can be differentiated into a period of emergence of market mechanisms until 2005 Show MoreThis study provides a structured review of the existing literature on changes in international market mechanisms for greenhouse gas reductions and related regulatory systems. The assessment period 1997 to 2016 starts with the signing of the Kyoto Protocol and ends with the entry into force of the Paris Agreement. It can be differentiated into a period of emergence of market mechanisms until 2005, a gold rush from 2006 to 2011, a fragmentation of markets lasting until 2015, and a brief post-Paris period of relaunch, of a new climate policy agreement. A key aspect of the review is how the World Bank Group responded to changes. The review includes about 300 peer-reviewed articles and about 40 articles from gray literature coming from highly-reputed sources. A large share of the literature examined covers the flexible mechanisms of the Kyoto Protocol with a strong focus on the Clean Development Mechanism (CDM). This is a consequence of the unexpected success of the CDM in the carbon market, at least until 2011–12, as well as the transparency of the mechanism that has facilitated research. As topics and issues related to the international carbon market emerged, the Bank Group tried to address them, focusing on developing countries to enhance their participation in the market. However, there is only limited peer-reviewed literature that assesses the Bank Group strategies and operations. Key changes in markets and regulatory frameworks as well as the responses of the Bank Group can be grouped into four main periods that are briefly discussed below.

Brazil - BR MST Federal Integrated Water Sector

Web Resource

Philippines - Studies for Sustainable Flood Mgmt.

Web Resource

Malawi - MW-Financial Sector Technical Assistance

Web Resource

Uganda - UG-ATAAS

Web Resource

Creating Markets: Drivers of Success

Web Resource
Creating Markets: Drivers of Success
Join us for a conversation on the factors underlying the success of market creation activities as the IFC implements its new corporate strategy, and the contributing roles of the World Bank and MIGA to that strategy. Join us for a conversation on the factors underlying the success of market creation activities as the IFC implements its new corporate strategy, and the contributing roles of the World Bank and MIGA to that strategy.

Burkina Faso - BF:Mineral Development Support Project

Web Resource

Pakistan - Sindh GPE

Web Resource

Grenada - 1st Programmatic Resilience Building DPC

Web Resource

Sierra Leone - SL-Public Sector Pay Performance(FY12)

Web Resource