The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
This paper reviews main approaches to estimate the costs of REDD, with a focus on the opportunity costs. These can be classified into local-empirical, global-empirical and global simulation models. In local-empirical models, per-area opportunity cost estimates are derived from detailed studies (surveys) and carbon density estimates
Can the creation of a carbon finance fund effectively tackle implementational, institutional, legal, financial and capacity-building issues related to the clean development mechanism of the Kyoto Protocol?
The Clean Development Mechanism (CDM) is supposed to catalyze climate-friendly projects in low-income countries by allowing developers to generate revenue by selling
A way forward is needed for the post-2012 period to address the threat of global climate change. The Harvard Project on International Climate Agreements is an international, multi-year, multi-disciplinary effort to help identify the key design elements of a scientifically sound, economically rational, and politically pragmatic post-2012 international policy architecture. …
The annual CD4CDM Perspectives Series features a topic of pivotal importance to the global carbon market. The series seeks to communicate the diverse insights and visions of leading actors in the carbon market to better inform the decisions of professionals and policymakers in developing countries. The second theme of the …
Based on practical knowledge and international experience accumulated via past and ongoing World Bank operations, this Note aims to provide World Bank staff and others interested in off-grid electrification with useful guidelines for designing sustainable off-grid projects. Given the unique features of projects and country situations, the note does not …
Article 6 of the Kyoto Protocol enables Annex 1 Parties to agree to jointly undertake emissions saving or sink enhancing activities, with credits arising from cross border investments transferred between them. Joint Implementation (JI) is effectively an alternative project-based mechanism for trading emissions between countries with a cap. Instead of …
Climate taxes, not cap and trade markets alone, will lead to the vast technological changes the world's energy system needs to fight global warming, a top US economist said on Thursday. Cap and trade has emerged as the dominant attempt to slow global warming. Global deals in permits to emit …
Italy's biggest utility Enel will make considerable profits and cut costs under emissions trading schemes in Europe and the Kyoto Protocol, even while it boosts its coal plant fleet, its head of carbon strategy told Reuters. The European Union's emissions trading scheme is the bloc's main policy to fight climate …
Mr Debashish Majumdar's experience spans over 30 years in the field of renewable energy and energy efficiency. An engineer from IIT Delhi, he has been with the Indian Renewable Energy Development Agency (IREDA) for over eleven years. Inwind Chronicle interviewed Mr Debashish Majumdar for his views on financing in the …
This report presents an assessment of progress of European countries towards achieving the objectives of the UN Framework Convention on Climate Change (UNFCCC) and their emission targets under the Kyoto Protocol. The report analyses both actual progress, based on historic trends of greenhouse gas emissions, and projected progress, based on …
The Clean Development Mechanism (CDM) under the Kyoto Protocol to United Nations Framework Convention on Climate Change (UNFCCC) provides an opportunity for the Indian power sector to earn revenue through the reduction of greenhouse gas emissions (GHG), particularly carbon dioxide (CO2). India has tremendous potential for CDM projects. Power generation …
The scale of investment needed to slow greenhouse gas emissions is larger than governments can manage through transfers. Therefore, climate change policies rely heavily on markets and private capital. This is especially true in the case of the Kyoto Protocol with its provisions for trade and investment in joint projects. …
Carbon trading can have a significant influence on the bottom line and is here to stay. Its future, however, is uncertain and is driven by emerging legislation for the period after 2012. In the face of this uncertainty, what should executives responsible for investment outcomes post-2012 be doing now to …
Durban is unusual among cities worldwide in having a municipal government that has developed a locally rooted climate change adaptation strategy. This paper considers how climate change came to be considered by local government against four institutional markers: the emergence of climate change advocates among local politicians and civil servants; …
