A Financing Facility for Low-Carbon Development

The reality of climate change associated with anthropogenic emissions is now widely acknowledged by the scientific community. Its potential devastating future harms are equally well perceived and as stated in the Copenhagen Accord major nations agree on the need to jointly and urgently combat climate change. The international community is also quite aware that stabilizing atmospheric concentrations of green-house gases (GHG) at supportable levels will require a drastic reduction in GHG emissions within a limited period of time. Undertaking such an enormous effort triggers several interlinked challenges: (1) technically mitigating GHG emissions to the required level; (2) implementing these solutions in countries where the required amount of emission reduction is most realistically and efficiently achievable in particular through involving and using in full the large potential of developing countries; and (3) mobilizing the large amount of financing needed to ensure that the corresponding projects and programs can be effectively implemented. Furthermore, these challenges must be simultaneously addressed in a way that is acceptable to all the parties involved. This means in particulars that any arrangement designed to meet the global GHG emission reduction challenge must be consistent with the principle of the common but differentiated responsibilities of developed and developing countries.

Bibliographic Details

Main Authors:	de Gouvello, Christophe, Zelenko, Ivan, Ambrosi, Philippe
Format:	Publication biblioteca
Language:	English
Published:	World Bank 2012-03-19T09:35:25Z
Subjects:	ABATEMENT COST, ABATEMENT COSTS, ABATEMENT EFFORT, ABATEMENT POTENTIAL, ABSOLUTE EMISSION, ACCESS TO FINANCING, AIR, ALLOCATION, ALLOWANCE, ALLOWANCES, AMOUNT OF CAPITAL, ANNUAL EMISSION, ANNUAL EMISSION REDUCTIONS, ANTHROPOGENIC EMISSIONS, ATMOSPHERE, ATMOSPHERIC CARBON, ATMOSPHERIC CARBON DIOXIDE, ATMOSPHERIC CARBON DIOXIDE CONCENTRATION, ATMOSPHERIC CONCENTRATIONS, BALANCE SHEET, BANKING SECTOR, BASELINE EMISSIONS, BASIS POINT, BASIS POINTS, BONDS, BORROWER, CALCULATION, CAPITAL INVESTMENTS, CAPITAL MARKETS, CAPITAL STRUCTURE, CAPITALIZATION, CARBON CAPTURE, CARBON CREDITS, CARBON DIOXIDE, CARBON ECONOMY, CARBON ENERGY, CARBON EXCHANGES, CARBON FINANCE, CARBON MARKET, CARBON MARKETS, CARBON OFFSETS, CARBON STORAGE, CARBON TAX, CARBON TECHNOLOGIES, CARBON TRADING, CERTIFICATION PROCESS, CERTIFIED EMISSION REDUCTIONS, CLEAN DEVELOPMENT MECHANISM, CLEAN TECHNOLOGY, CLIMATE, CLIMATE CHANGE, CLIMATE CHANGE POLICIES, CLIMATE SENSITIVITY, CLIMATE SYSTEM, CO, CO2, COLORS, COMMERCIAL BANK, COMMERCIAL BANK LOANS, COMMERCIAL BANKS, COMPARATIVE ADVANTAGE, CONCENTRATION TARGET, COST EFFECTIVENESS, COST OF ABATEMENT, CREDIT QUALITY, CREDIT RISK, CREDIT RISK PREMIUM, CREDIT SPREAD, CREDITOR, DEFAULT RATE, DEFAULT RATES, DEFAULT RISK, DEFAULTS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DIVERSIFIED PORTFOLIO, DUE DILIGENCES, ECONOMIC BENEFITS, ECONOMIC COSTS, ECONOMIC DEVELOPMENT, ECONOMIC EFFICIENCY, ECONOMIC GROWTH, EMISSION ABATEMENT, EMISSION REDUCTION, EMISSION REDUCTION COMMITMENTS, EMISSION REDUCTION POTENTIAL, EMISSION TARGETS, EMISSION TRADING, EMISSIONS, EMISSIONS FROM DEFORESTATION, EMISSIONS MITIGATION, EMISSIONS REDUCTION, EMISSIONS REDUCTIONS, EMISSIONS SCENARIOS, ENERGY EFFICIENCY, ENERGY SAVINGS, ENVIRONMENTAL, ENVIRONMENTAL IMPACTS, ENVIRONMENTAL INTEGRITY, ENVIRONMENTAL PERFORMANCE, ENVIRONMENTAL PROTECTION, EXTREME WEATHER, EXTREME WEATHER EVENTS, FIDUCIARY RESPONSIBILITY, FINANCES, FINANCIAL ANALYSIS, FINANCIAL BARRIERS, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL FLOWS, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL RETURNS, FINANCIAL STRUCTURE, FINANCIAL TERMS, FLOW OF INVESTMENTS, FOREIGN DIRECT INVESTMENT, FORESTRY, FRAMEWORK CONVENTION ON CLIMATE CHANGE, FUEL SWITCHING, GHG, GHGS, GLOBAL BANKING, GLOBAL CARBON MARKET, GLOBAL EMISSIONS, GLOBAL ENVIRONMENT FACILITY, GLOBAL FINANCE, GLOBAL GREENHOUSE GAS, GLOBAL WARMING, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GAS ABATEMENT, GREENHOUSE GAS ABATEMENT COST, GREENHOUSE GAS EMISSIONS, GREENHOUSE GASES, HFC23, HFCS, HUMAN RESOURCES, INCOME, INNOVATIVE FINANCING, INSTRUMENT, INTERNATIONAL BANK, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCIAL INSTITUTION, INTERNATIONAL OFFSETS, INVESTMENT FINANCING, INVESTMENT FLOWS, INVESTMENT PROJECTS, IPCC, ISSUANCE, LAND USE, LAND USE CHANGE, LENDERS, LENDING SPREAD, LIQUID MARKET, LIQUIDITY, LOAN, LOAN PORTFOLIO, LOAN SIZE, LOW-CARBON, MARGINAL ABATEMENT, MARGINAL ABATEMENT COST, MARGINAL COST, MARGINAL COST OF ABATEMENT, MARKET ANALYSTS, MARKET LEVELS, MARKET PRICE, MATURITIES, MATURITY, NATURAL CAPITAL, NET COST, OUTSTANDING AMOUNT, OUTSTANDING LOANS, PFCS, PLEDGES, PORTFOLIO, PORTFOLIO DIVERSIFICATION, PORTFOLIOS, PRICE OF OFFSETS, PRICE SIGNAL, PRIMARY MARKET, PRIVATE BANKS, PRIVATE INVESTORS, PRIVATE SECTOR BANKS, PROBABILITY DISTRIBUTION, RATE OF RETURN, REDUCING EMISSIONS, REGULATORY FRAMEWORK, REPAYMENT, RESERVES, RETURN, RISK MANAGEMENT, SECONDARY MARKET, SECURITIES, SF6, SHAREHOLDER, SHAREHOLDERS, SOLVENCY, SOVEREIGN DEFAULT, SOVEREIGN GUARANTEE, STREAMS, SUSTAINABLE DEVELOPMENT, SUSTAINABLE GROWTH, SWAP, TEMPERATURE, TRADE REGIME, TRANSACTION COSTS, TREASURY, TREASURY RATE, TREATY, UNCERTAINTIES, UNEP,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20101115044950 http://hdl.handle.net/10986/2515 http://hdl.handle.net/10986/5914
Tags:	Add Tag No Tags, Be the first to tag this record!