Prospects for Markets for Internationally Transferred Mitigation Outcomes under the Paris Agreement / Jon Strand.

Format:

Book

Author/Creator:

Strand, Jon, author.

Language:

English

Subjects (All):

Climatic changes.

Climatic changes--History.

Physical Description:

1 online resource (54 pages)

Place of Publication:

Washington, D.C. : World Bank, 2022.

Summary:

The Paris Agreement provides for parties to use internationally transferred mitigation outcomes in implementing their Nationally Determined Contributions. This paper analyzes forward trading of these outcomes in the presence of two forms of uncertainty: (1) uncertainty about the fulfillment of Nationally Determined Contribution targets, and (2) uncertainty about the existence and functioning of the forward, options, and future spot markets markets for internationally transferred mitigation outcomes. When parties can sell and buy internationally transferred mitigation outcomes forward, access to call options for late purchases leads to correspondingly larger forward sales, or less current mitigation. Access to put options for late internationally transferred mitigation outcome sales does not affect forward trading outcomes but increases late sales for net sellers.

Notes:

Description based on publisher supplied metadata and other sources.

Publisher Number:

10.1596/1813-9450-10045