Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market

This report was prepared by Investment Climate Facility (ICF) international with direction from World Bank's Montreal protocol unit and the project team. While Montreal protocol has achieved remarkable success in reducing production and consumption of ozone depleting substances (ODS) worldwide, a significant amount of ODS still remains in equipments, products, and stockpiles. This report finds that significant opportunity exists for destroying ODS through the voluntary carbon market. The high global warming potential (GWP) of ODS means that their destruction has the ability to generate significant volumes of carbon credits, which could then be sold in the voluntary carbon market. Using the voluntary market is likely a win-win opportunity; incentives are created for the recovery and destruction of ODS through the carbon credits that can be earned, and the buyers pay for real and verifiable emission reductions from the destruction of ODS that would have otherwise been emitted.

Bibliographic Details

Main Author:	ICF International
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2010
Subjects:	AIR, ALLOWANCE, ALLOWANCE MARKETS, ALLOWANCES, ARGON, ATMOSPHERE, AUCTION, AVERAGE PRICE, CALCULATION, CARBON, CARBON CREDIT, CARBON CREDITS, CARBON DIOXIDE, CARBON EMISSIONS, CARBON FINANCE, CARBON MARKET, CARBON MARKETS, CARBON OFFSET, CARBON OFFSETS, CARBON REDUCTIONS, CARBON TETRACHLORIDE, CFC12, CFCS, CH4, CLEAN AIR, CLEAN AIR ACT, CLIMATE, CLIMATE CHANGE, CLIMATE LEGISLATION, CO2, COMPETITIVENESS, CONDITIONERS, DECREASE IN EMISSIONS, ELECTRICITY, EMISSION, EMISSION REDUCTION, EMISSION REDUCTION TARGETS, EMISSION REDUCTION UNITS, EMISSION REDUCTIONS, EMISSION TARGETS, EMISSION TRADING, EMISSIONS, EMISSIONS LIMITS, EMISSIONS REDUCTIONS, ENERGY INDUSTRIES, ENVIRONMENTAL PROTECTION, FEASIBILITY, FOAM, FOAMS, FORESTRY, FRAMEWORK CONVENTION ON CLIMATE CHANGE, GAS, GAS PROJECT, GASES, GHG, GHGS, GLOBAL CARBON MARKET, GLOBAL ENVIRONMENT, GLOBAL ENVIRONMENT FACILITY, GLOBAL WARMING, GLOBAL WARMING POTENTIAL, GOLD, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GASES, GWP, HALON, HALONS, HAZARDOUS WASTE, HCFC, HFC, HFCS, IMPORTS, INCINERATION, INCOME, INDUSTRIAL GAS, INTERNATIONAL EMISSIONS, INTERNATIONAL ENVIRONMENTAL TREATIES, INTERNATIONAL FINANCIAL INSTITUTIONS, IPCC, MARKET STRUCTURE, MARKET STUDY, MARKET TRADING, MARKETPLACE, METHANE, METHYL BROMIDE, MONTREAL, MONTREAL PROTOCOL, MONTREAL PROTOCOL ON SUBSTANCES THAT DEPLETE THE OZONE LAYER, N2O, NITROGEN, NITROUS OXIDE, ODS, OFFSET CREDITS, OFFSET PROGRAM, OFFSET PROJECTS, ORGANIC POLLUTANT, ORGANIC POLLUTANTS, OZONACTION, OZONE, OZONE DEPLETING POTENTIAL, OZONE DEPLETING SUBSTANCES, OZONE SECRETARIAT, OZONE UNIT, PENALTIES, PERFORMANCE STANDARDS, PFCS, POLYCHLORINATED BIPHENYLS, POLYSTYRENE, PORTFOLIO, POWER SECTOR, PURCHASING, REBATES, REFRIGERATION, REFRIGERATOR, REFRIGERATORS, REGIONAL GREENHOUSE GAS INITIATIVE, RETAIL, SALE, SALES, SCENARIOS, SF6, STOCKS, SUBSTITUTES, SUPPLY SIDE, SURPLUS, TOTAL COST, TOTAL COSTS, TRADABLE CARBON, TRADE SYSTEM, TRANSACTION COSTS, TURNOVER, UNEP, UNINTENDED CONSEQUENCES, UNITED NATIONS ENVIRONMENT PROGRAMME, VCM, WAREHOUSES, WHOLESALERS,
Online Access:	http://documents.worldbank.org/curated/en/211551468338389844/Study-on-financing-the-destruction-of-unwanted-ozone-depleting-substances-through-the-voluntary-carbon-market https://hdl.handle.net/10986/27899
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