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Enhanced Financial Mechanisms for Post 2012 Mitigation / Figueres, Christiana
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Figueres, Christiana
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Carbon.
- Carbon dioxide.
- Carbon Policy and Trading.
- Clean development mechanism.
- Climate change.
- Coal.
- Compliance costs.
- Consumption patterns.
- Debt Markets.
- Developed countries.
- Economics.
- Emission reduction.
- Emission reduction commitments.
- Emission reductions.
- Emissions.
- Energy.
- Energy and Environment.
- Energy efficiency.
- Energy Production and Transportation.
- Environment.
- Environment and Energy Efficiency.
- Environmental.
- Environmental Economics and Policies.
- Environmental integrity.
- Finance and Financial Sector Development.
- Financial resources.
- Market mechanism.
- Mines.
- Montreal Protocol.
- Oil.
- Public Sector Development.
- Transport.
- Transport and Environment.
- Transport Economics, Policy and Planning.
- Local Subjects:
- Carbon.
- Carbon dioxide.
- Carbon Policy and Trading.
- Clean development mechanism.
- Climate change.
- Coal.
- Compliance costs.
- Consumption patterns.
- Debt Markets.
- Developed countries.
- Economics.
- Emission reduction.
- Emission reduction commitments.
- Emission reductions.
- Emissions.
- Energy.
- Energy and Environment.
- Energy efficiency.
- Energy Production and Transportation.
- Environment.
- Environment and Energy Efficiency.
- Environmental.
- Environmental Economics and Policies.
- Environmental integrity.
- Finance and Financial Sector Development.
- Financial resources.
- Market mechanism.
- Mines.
- Montreal Protocol.
- Oil.
- Public Sector Development.
- Transport.
- Transport and Environment.
- Transport Economics, Policy and Planning.
- Physical Description:
- 1 online resource (44 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2009
- System Details:
- data file
- Summary:
- Despite the many calls to reform the CDM, its conceptual underpinnings are strong and it will most likely survive in the post-2012 climate regime. Some modifications may be considered in the short term to strengthen the effectiveness and transparency of the mechanism without modifying the Marrakesh Accords. In the medium term substantially increased mitigation efforts in developing countries may require a combination of three possible financial mechanisms: the current activity-based CDM albeit improved, a second market mechanism that would seek to improve the long term emission trends of developing countries by promoting broad based emission reduction programs primarily in the private sector, and a third financial mechanism outside of the market which would be an incentive for the adoption of policy changes leading to a low carbon path, but where emission reductions would not be used as international offsets.
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