Click here for search results
Will markets direct investments under the Kyoto Protocol ?
 
Author:Larson, Donald F. ; Breustedt, Gunnar ; Collection Title:Policy, Research working paper ; no. WPS 4131
Country:World ; Document Date:2007/02/01
Doc Name:Will markets direct investments under the Kyoto Protocol ?Document Type:Policy Research Working Paper
Language:EnglishRegion:The World Region
Rep Title:Will markets direct investments under the Kyoto Protocol ?Report Number:WPS4131
SubTopics:Environmental Economics & Policies ; Energy Production and Transportation ; Non Bank Financial Institutions ; Economic Theory & Research ; Investment and Investment ClimateTopics:Environment ; Macroeconomics and Economic Growth ; Energy ; Finance and Financial Sector Development
Unit Owning:Development Research Group (DECRG)Volume No:1 of 1

Abstract: Under the Kyoto Protocol, countries can meet treaty obligations by investing in projects that reduce or sequester greenhouse gases elsewhere. Prior to ratification, treaty participants agreed to launch country-based pilot projects, referred to collectively as Activities Implemented Jointly (AIJ), to test novel aspects of the project-related provisions. Relying on a 10-year history of projects, the authors investigate the determinants of AIJ investment. Their findings suggest that national political objectives and possibly deeper cultural ties influenced project selection. This characterization differs from the market-based assumptions that underlie well-known estimates of cost-savings related to the Protocol's flexibility mechanisms. The authors conclude that if approaches developed under the AIJ programs to approve projects are retained, benefits from Kyoto's flexibility provisions will be less than those widely anticipated.
Expand / CollapseKeywords:

Official Documents
Official version of document (may contain signatures, etc)
File TypeDescriptionFile Size (mb)
Click here to see PDF filePDF 32 pagesOfficial Version0.40 (approx.)
Click here to see text fileTextText Version*
How To Order

*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/587J4ZXFA0