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Carbon Markets or Climate Finance
This book builds on a decade-long experience with mechanisms provided by the Kyoto Protocol and the UN Framework Convention on Climate Change. It discusses the challenges of climate finance in the context of the post-Copenhagen negotiations and provides a long-term outlook of how climate finance in developing countries could develop. Written by climate finance experts from academia, carbon finance businesses and international organisations, the book provides background, firsthand insights, case studies and analysis into the complex subject area of climate finance.
Handbook of International Climate Finance
The concept of international climate finance channelled from developed to developing countries through public interventions for mitigation and adaptation has been developed over the last decade, but its roots date back to the early 1990s. Despite the high relevance of the topic in the international climate negotiations, illustrated by the (missed) target to mobilise USD 100 billion by 2020, there is no book that provides an overview accessible to academics and practitioners alike.
The Carbon Market Challenge
Carbon markets – both emission trading systems and baseline and credit systems – are an increasingly common policy instrument being introduced to address climate change mitigation. However, their design is crucial to ensure that they deliver cost-effective emission reductions while maintaining environmental integrity. This Element puts together a comprehensive, principle-based overview of the risks and abuses to environmental integrity and cost effectiveness that have emerged for carbon markets at all jurisdictional levels around the world, provides concrete examples, and offers effective policy and governance solutions to overcome such risks. This title is also available as Open Access on Cambridge Core.
The EU Emissions Trading Scheme
This special issue of the Climate Policy journal outlines the fundamentals of the new European Emissions Trading Scheme (EU ETS), assesses the strategies for and impact of implementation and highlights the scheme's potential, including positive aspects and remaining hurdles. The EU Emission Trading Scheme (EU ETS) is the first international trading scheme for CO2 in the world. Its aim is to reduce the cost of compliance to existing targets under the Kyoto Protocol. From 1st January 2005, companies in high-energy sectors covered by the scheme must limit their CO2 emissions to allocated levels, arranged in two periods: from 2005-2007 and 2008-2012 (to match the first Kyoto commitment period). ...
Climate Policy and Development
Industrialized countries strive to fulfil at least part of their obligation to reduce greenhouse gases by investing in projects in developing countries rather than at home. Developing countries have been rather critical of this idea. This book outlines the development of the international negotiations on the subject and analyses different design options for the Clean Development Mechanism (CDM), taking into account the interests of various groups, especially host countries. Two case studies - one on a renewable energy project in Indonesia and another on Costa Rican climate policy - show the problems that are likely to be encountered by CDM and illustrate the importance of active host country involvement. The authors discuss the problems that will be addressed by forthcoming negotiation rounds and propose practical solutions for the CDM including baseline-setting, institutional structure and credit sharing. Moreover, a long-term view on linking climate and development policy is taken to achieve an equitable allocation of emission rights.
Corporate Strategies and the Clean Development Mechanism
This book assesses the structure of projects under the Clean Development Mechanism (CDM) of the Kyoto Protocol. It explains why, instead of the expected bilateral structure where a company from an industrialized country invests in a project in a developing country and receives the emission reduction credits in return, a unilateral structure prevails whereby a company from a developing country finances the emission reduction project itself and sells the emission reduction credits. The book arrives at three fundamental, interconnected, conclusions: CDM is logically a unilaterally driven investment activity; CDM investment is an irrelevant compliance instrument for companies from industrialised...
Climate Change Finance and International Law
Since 2010, a significant quantity of international climate change finance has begun to reach developing countries. However, the transfer of finance under the international climate change regime – the legal and ethical obligations that underpin it, the constraints on its use, its intended outcomes, and its successes, failures, and future potential – constitutes a poorly understood topic. Climate Change Finance and International Law fills this gap in the legal scholarship. The book analyses the legal obligations of developed countries to financially support qualifying developing countries to pursue globally significant mitigation and adaptation outcomes, as well as the obligations of the latter under the international regime of financial support. Through case studies of climate finance mechanisms and a multitude of other sources, this book delivers a rich legal and empirical understanding of the implementation of states’ climate finance obligations to date. The book will be of interest to scholars and students of international law and policy, international relations, and the maturing field of climate change law.
Partnerships for Sustainability in Contemporary Global Governance
Partnerships for Sustainability in Contemporary Global Governance investigates the goals, ideals, and realities of sustainability partnerships and offers a theoretical framework to help disentangle the multiple and interrelated pathways that shape their effectiveness. Partnerships are ubiquitous in research and policy discussions about sustainability and are important governance instruments for the provision of public goods. While partnerships promise a great deal, there is little clarity as to what they deliver. If partnerships are to break free from this paradox, more nuance and rigor are required for understanding and assessing their actual effects. This volume applies its original framew...
Handbook of Aid and Development
With intellectual rigour, the Handbook of Aid and Development not only critically examines the relationship between aid and development, but also discusses recent trends within the field and judiciously considers its future prospects.
Climate Change Mitigation in Developing Countries
Recommendations and discussion on the reform of the CDM invoke debate on the future of this policy in developing countries, which is vital material for both policymakers and international institutions introducing similar instruments. Students and resea
