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E-book
Author Lecocq, Franck.

Title State and trends of the carbon market 2004 / Franck Lecocq
Published Washington, DC : World Bank, 2005

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Description 1 online resource (viii, 33 pages)
Series World Bank working paper ; no. 44
World Bank working paper ; no. 44.
Contents 1. Introduction -- 2. Market structure -- 3. Methodology -- 4. Project-based transactions -- volumes and flows -- 5. Project-based transactions : contracts and prices -- 6. Allowance markets -- 7. Market outlook -- 8. Conclusion
Summary "This study finds that the carbon market is growing steadily. A total of 64 million metric tones of carbon dioxide equivalent (tCO[subscript 2]e) has been exchanged through projects from January to May 2004, nearly as much as during the whole year 2003 (78 million). Secondly, the demand for emission reductions remains heavily concentrated, with a few EU Governments and Japanese firms the largest buyers. Third, Asia is now the largest supplier of emission reductions, followed by Latin America, developed economies, and Eastern Europe. Fourth, prices of project-based emission reductions in early 2004 have remained essentially stable compared with 2003. In the absence of a standard contract, these prices strongly depend on the structure of the transaction, notably risk-sharing between buyers and sellers."--Jacket
Notes State 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
Bibliography Includes bibliographical references
Notes English
Print version record
Subject Emissions trading.
Greenhouse gases -- Economic aspects
Economic development -- Environmental aspects.
TECHNOLOGY & ENGINEERING -- Environmental -- Pollution Control.
Economic development -- Environmental aspects
Emissions trading
Greenhouse gases -- Economic aspects
Gaz à effet de serre.
Échange de droits d'émission.
Développement économique.
Aspect environnemental.
Aspect économique.
Form Electronic book
LC no. 2005043406
ISBN 0821361171
1417590971
9781417590971
9780821361177
0821361171
082136118X
9780821361184
1280141409
9781280141409
6610141401
9786610141401