Difference between revisions of "Global - Carbon Partnership Facility"
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| − | |REPRC abstract= | + | |REPRC abstract=Uncertainties characterized the future of international climate regime for the post 2012 period. Short term, compliance driven buying interests in the carbon market don’t support large, cleaner investments with long term emission reduction potential. |
The project-by-project approach under Kyoto Protocol incurred high transaction costs and did not generate the kind of transformation in emission-intensive sectors that large scale programs can produce. Therefore, the World Bank created a Carbon Partnership Facility (CPF), which was designed to develop emission reductions and support their purchase over long periods after 2012. The CPF utilizes scaled-up, programmatic approaches, such as the Programme of Activities, to enable carbon finance to support partner country initiatives in their effort to move towards low-carbon economies.<br/> | The project-by-project approach under Kyoto Protocol incurred high transaction costs and did not generate the kind of transformation in emission-intensive sectors that large scale programs can produce. Therefore, the World Bank created a Carbon Partnership Facility (CPF), which was designed to develop emission reductions and support their purchase over long periods after 2012. The CPF utilizes scaled-up, programmatic approaches, such as the Programme of Activities, to enable carbon finance to support partner country initiatives in their effort to move towards low-carbon economies.<br/> | ||
*'''Barriers:''' Limited demand for post 2012 carbon assets<br/> | *'''Barriers:''' Limited demand for post 2012 carbon assets<br/> | ||
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[[Category:REPRC_Renewable_Energy]] | [[Category:REPRC_Renewable_Energy]] | ||
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Revision as of 18:38, 26 March 2014
Global - Carbon Partnership Facility
| Title of Document | Global - Carbon Partnership Facility |
| Abstract | Uncertainties characterized the future of international climate regime for the post 2012 period. Short term, compliance driven buying interests in the carbon market don’t support large, cleaner investments with long term emission reduction potential.
The project-by-project approach under Kyoto Protocol incurred high transaction costs and did not generate the kind of transformation in emission-intensive sectors that large scale programs can produce. Therefore, the World Bank created a Carbon Partnership Facility (CPF), which was designed to develop emission reductions and support their purchase over long periods after 2012. The CPF utilizes scaled-up, programmatic approaches, such as the Programme of Activities, to enable carbon finance to support partner country initiatives in their effort to move towards low-carbon economies.
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| File Download | |
| Original Source | World Bank |
| Year | 2011 |
| Region/Country | |
| Language(s) | English |
| Document Type | Case Study - Project Financing |
| Technology | General RE |
| Connection Type |
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