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| | |REPRC type other= | | |REPRC type other= |
| | |REPRC technology general RE=General RE | | |REPRC technology general RE=General RE |
| − | |REPRC abstract=There were uncertainties regarding the future of international climate regime for the post 2012 period. In addition, the short term, compliance driven buying interests in the carbon market do not support large, cleaner investments in energy and infrastructure that have 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.<br/> | + | |REPRC abstract=There were uncertainties regarding the future of international climate regime for the post 2012 period. In addition, the short term, compliance driven buying interests in the carbon market do not support large, cleaner investments in energy and infrastructure that have 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/> |
| − | 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/> |
| | *'''Instrument:''' Purchase of carbon credits from emission reduction programs<br/> | | *'''Instrument:''' Purchase of carbon credits from emission reduction programs<br/> |
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| | }} | | }} |
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| − | [[Category:Financing_and_Funding]]
| |
| | [[Category:REPRC_Renewable_Energy]] | | [[Category:REPRC_Renewable_Energy]] |
| | + | [[Category:Financing_and_Funding]] |
