Output-Based Aid and Carbon Finance

Out-based aid (OBA) involves the use of explicit, performance-based subsidies to deliver public services such as water and sanitation. It is used to fund the gap between people's willingness or ability to pay for a service whose delivery is deemed worth subsidizing and the cost of providing that service. It can also be used to finance public goods or to mitigate externalities such as environmental costs. One such application is carbon finance, an output-based approach to mitigating climate change. Under the Kyoto Protocol's project-based mechanisms-the Clean Development Mechanism and Joint Implementation-projects in developing and transition economies that reduce greenhouse gas emissions can receive "carbon credits." Carbon revenues can help project sponsors close the financing gap between climate-friendly projects and conventional projects, and can help industrial countries reduce their cost of compliance with the Kyoto Protocol.

Bibliographic Details

Main Authors:	Bishop, Veronique, Johannes, Lars
Language:	English
Published:	World Bank, Washington, DC 2006-12
Subjects:	ACCESS TO CAPITAL, ACCESS TO ENERGY, AIR POLLUTION, APPROACH, BIOGAS, BIOGAS DIGESTERS, BIOMASS, CARBON, CARBON CAPTURE, CARBON CREDITS, CARBON DIOXIDE, CARBON DIOXIDE EQUIVALENT, CARBON ENERGY, CARBON FINANCE, CARBON FUND, CARBON PAYMENTS, CARBON REVENUES, CARBON TRADING, CLEAN DEVELOPMENT, CLEAN DEVELOPMENT MECHANISM, CLEAN DEVELOPMENT MECHANISM FACILITY, CLEAN ENERGY, CLEAN TECHNOLOGY, CLEANER COAL, CLIMATE CHANGE, COAL, COAL GENERATION, COAL MINE, COAL TECHNOLOGIES, CONVENTIONAL ENERGY, CONVENTIONAL POWER, COST OF RENEWABLE ENERGY TECHNOLOGIES, COST PER KILOWATT, DIESEL, DISTRICT HEATING, EFFICIENT USE, EMISSION, EMISSION REDUCTION, EMISSION REDUCTIONS, ENERGY EFFICIENCY, ENERGY EFFICIENCY PROJECT, ENERGY NEEDS, ENERGY SOURCES, ENVIRONMENTAL CONCERNS, ENVIRONMENTAL COSTS, ENVIRONMENTAL EXTERNALITIES, FOSSIL, FOSSIL FUEL, FOSSIL FUEL CONSUMPTION, FOSSIL FUELS, GENERATION, GENERATION CAPACITY, GEOTHERMAL, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GAS EMISSIONS, HYDROPOWER, INTERNATIONAL ENERGY AGENCY, KEROSENE, KILOWATT-HOUR, LANDFILL, LANDFILL METHANE, LANDFILL METHANE COLLECTION, METHANE, MITIGATING CLIMATE CHANGE, ONSHORE WIND, POWER, POWER GENERATION, POWER PURCHASE AGREEMENTS, RENEWABLE ENERGY, RENEWABLE ENERGY PROJECTS, RENEWABLE ENERGY TECHNOLOGIES, SOLAR HOME SYSTEMS, WIND ENERGY,
Online Access:	http://documents.worldbank.org/curated/en/2006/12/7362530/output-based-aid-carbon-finance https://hdl.handle.net/10986/11035
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