From Kyoto to Paris—Transitioning the Clean Development Mechanism

From Kyoto to Paris—Transitioning the Clean Development Mechanism
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 137
Release: 2021-11-01
Genre: Science
ISBN: 9292690973

This publication provides insights on deliberations regarding the Clean Development Mechanism (CDM) transition and implications for Asia and the Pacific. With the Article 6 Rulebook expected to be finalized at the 26th Conference of Parties in Glasgow, the Asian Development Bank hopes this publication can increase knowledge and understanding of the CDM transition along with its relevance to economies in the region. It is also intended to help stakeholders from Asia and the Pacific become better prepared to contribute to the finalization of the Article 6 Rulebook and move toward operationalizing Article 6 of the Paris Agreement.

Climate Change and Developing Countries

Climate Change and Developing Countries
Author: Nijavalli H. Ravindranath
Publisher: Springer Science & Business Media
Total Pages: 294
Release: 2005-12-16
Genre: Science
ISBN: 030647980X

Among global environmental issues, climate change has received the largest attention of national and global policy makers, researchers, industry, multilateral banks and NGOs. Climate change is one of the most important global environmental problems with unique characteristics. It is global, long-term (up to several centuries) and involves complex interactions between climatic, environmental, economic, political, institutional and technological pressures. It is of great significance to developing countries as all the available knowledge suggests that they, and particularly their poorer inhabitants, are highly vulnerable to climate impacts. The projected warming of 1. 4 to 5. 8° C by 2100 and the related changes in rainfall pattern, rise in sea-level and increased frequency of extreme events (such as drought, hurricanes and storms) are likely to threaten food security, increase fresh water scarcity, lead to decline in biodiversity, increase occurrence of vector-borne diseases, cause flooding of coastal settlements, etc. Recognizing the potential threat of severe disruptions, the United Nations Conference on Environment and Development was organized in 1992 in Rio de Janeiro, Brazil to begin to address ways to reduce these impacts, which led to the formulation of the UN Framework Convention on Climate Change. This Convention and the subsequent Kyoto Protocol recognize “the common but differentiated responsibility” of developing and industrialized countries in addressing climate change. Developing countries thus have a unique role to play in formulating a sound, reasoned, and well informed response to the threat of climate change.

Encyclopedia of Energy, Natural Resource, and Environmental Economics

Encyclopedia of Energy, Natural Resource, and Environmental Economics
Author:
Publisher: Newnes
Total Pages: 1056
Release: 2013-03-29
Genre: Business & Economics
ISBN: 0080964524

Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government

Monitoring, Reporting, and Verification Manual for Clean Development Mechanism Projects

Monitoring, Reporting, and Verification Manual for Clean Development Mechanism Projects
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 166
Release: 2016-06-01
Genre: Business & Economics
ISBN: 9292574000

The Clean Development Mechanism (CDM), a market mechanism under the Kyoto Protocol, has been successful in supporting mitigation actions through carbon inance. With nearly 7,700 projects and 290 Program of Activities registered by the CDM Executive Board, the CDM allows GHG emission reduction projects in developing countries to generate Certiied Emission Reductions which can be used to ofset mandatory or voluntary emission reduction targets. It however requires a robust monitoring, reporting, and veriication (MRV) to ensure social and environmental integrity of such projects and the emissions reductions thereof. This MRV manual is intended to assist CDM project developers in understanding and managing the MRV requirements and process of their CDM projects in a simple step-by-step manner with the help of real examples and practical tips. While this MRV manual has been developed primarily to assist CDM project developers, it also aspires to be of help for projects participating in other existing and emerging market mechanisms. These may include bilateral mechanisms; voluntary carbon markets; regional, national, and subnational carbon markets; and any of the cooperative approaches and new market mechanism for the post-2020 carbon markets consequent to the Paris Agreement adopted at COP21 in December 2015. As carbon markets in the region evolve beyond CDM, there is a strong need to maintain and further build institutional capacities to ensure growth and enhanced efectivity of carbon markets---and this MRV manual is an efort in that direction.

Transforming Climate Finance and Green Investment with Blockchains

Transforming Climate Finance and Green Investment with Blockchains
Author: Alastair Marke
Publisher: Academic Press
Total Pages: 370
Release: 2018-06-28
Genre: Business & Economics
ISBN: 0128144483

Transforming Climate Finance and Green Investment with Blockchains establishes and analyzes the connection between this revolutionary technology and global efforts to combat climate change. The benefits of blockchain come through various profound alterations, such as the adoption of smart contracts that are set to redefine governance and regulatory structures and transaction systems in coming decades. Each chapter contains a problem statement that describes the challenges blockchain technology can address. The book brings together original visions and insights from global members of the Blockchain Climate Institute, comprising thought leaders, financial professionals, international development practitioners, technology entrepreneurs, and more. This book will help readers understand blockchain technology and how it can facilitate the implementation of the Paris Agreement and accelerate the global transition to a green economy. Provides an authoritative examination of this emerging digital technology and its implications on global climate change governance Includes detailed proposals and thorough discussions of implementation issues that are specific to green economy sectors Relates innovative proposals to existing applications to demonstrate the value add of blockchain technology Covers blockchain for the smarter energy sector, for fraud-free emissions management, to streamline climate investments, and legal frameworks for blockchain-based climate finance

Climate Finance

Climate Finance
Author: Richard B. Stewart
Publisher: NYU Press
Total Pages: 346
Release: 2009-11
Genre: Business & Economics
ISBN: 081474138X

Preventing 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.

Handbook of Environmental and Sustainable Finance

Handbook of Environmental and Sustainable Finance
Author: Vikash Ramiah
Publisher: Academic Press
Total Pages: 512
Release: 2015-10-28
Genre: Science
ISBN: 012803646X

The use of financial concepts and tools to shape development is hardly new, but their recent adoption by advocates of sustainable environmental management has created opportunities for innovation in business and regulatory groups. The Handbook of Environmental and Sustainable Finance summarizes the latest trends and attitudes in environmental finance, balancing empirical research with theory and applications. It captures the evolution of environmental finance from a niche scholarly field to a mainstream subdiscipline, and it provides glimpses of future directions for research. Covering implications from the Kyoto and Paris Protocols, it presents an intellectually cohesive examination of problems, opportunities, and metrics worldwide. - Introduces the latest developments in environmental economics, sustainable accounting work, and environmental/sustainable finance - Explores the effects of environmental regulation on the economy and businesses - Emphasizes research about the trade-environmental regulation nexus, relevant for economics and business students

The Political Economy of Sustainable Development

The Political Economy of Sustainable Development
Author: Timothy Cadman
Publisher: Edward Elgar Publishing
Total Pages: 271
Release: 2015-11-27
Genre: Business & Economics
ISBN: 178347484X

Since the Rio ‘Earth’ Summit of 1992, sustainable development has become the major policy response to tackling global environmental degradation, from climate change to loss of biodiversity and deforestation. Market instruments such as emissions trading, payments for ecosystem services and timber certification have become the main mechanisms for financing the sustainable management of the earth’s natural resources. Yet how effective are they – and do they help the planet and developing countries, or merely uphold the economic status quo? This book investigates these important questions. Providing a comprehensive analysis and the latest research on sustainable development, the authors compare the divergent approaches to emissions trading. Included is a detailed investigation into illegal logging and the effectiveness of policy responses, with an evaluation of different forest certification schemes. Biodiversity offsets and environmental payments are also explored. Integral to the book are interviews and opinions of the key stakeholders in the political economy of sustainable development. This uniquely comprehensive analysis of the governance quality of different sustainable development mechanisms, unprecedented in its panorama of comparative case studies, is essential reading for all those in the policy, academic and non-governmental communities.

The Institutional Economics of Market-Based Climate Policy

The Institutional Economics of Market-Based Climate Policy
Author: E. Woerdman
Publisher: Elsevier
Total Pages: 341
Release: 2004-08-10
Genre: Business & Economics
ISBN: 0080473067

The objective of this book is to analyze the institutional barriers to implementing market-based climate policy, as well as to provide some opportunities to overcome them. The approach is that of institutional economics, with special emphasis on political transaction costs and path dependence. Instead of rejecting the neoclassical approach, this book uses it where fruitful and shows when and why it is necessary to employ a new or neo-institutionalist approach. The result is that equity is considered next to efficiency, that the evolution and possible lock-in of both formal and informal climate institutions are studied, and that attention is paid to the politics and law of economic instruments for climate policy, including some new empirical analyses. The research topics of this book include the set-up costs of a permit trading system, the risk that credit trading becomes locked-in, the potential legal problem of grandfathering in terms of actional subsidies under WTO law or state aid under EC law, and the changing attitudes of various European officials towards restricting the use of the Kyoto Mechanisms.