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State and Trends of the Carbon Market 2006 : A Focus on Africa

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  • Karan Capoor
  • Philippe Ambrosi

Abstract

Many African countries have thin energy and industrial sectors with limited opportunities to reduce carbon emissions, certainly relative to countries such as China and India. Carbon sequestration from avoided deforestation and from agriculture--potentially important areas for climate mitigation and important in many African economies--has been systematically excluded from the Clean Development Mechanism (CDM). At the same time, CDM-eligible assets from afforestation and reforestation are excluded from entry into the large European Union-Emissions Trading Scheme (EU ETS), substantially limiting their market value and potential share in the multi-billion dollar global carbon market. The Africa share of the CDM market is lower than the share of African countries to developing nations in Foreign Direct Investment (FDI) over the past few years, which has been around 10 percent.

Suggested Citation

  • Karan Capoor & Philippe Ambrosi, "undated". "State and Trends of the Carbon Market 2006 : A Focus on Africa," World Bank Publications - Reports 13412, The World Bank Group.
    • Handle: RePEc:wbk:wboper:13412
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    Citations

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    Cited by:

    1. Bryan, Elizabeth & Akpalu, Wisdom & Yesuf, Mahmud & Ringler, Claudia, 2008. "Global carbon markets: Are there opportunities for Sub-Saharan Africa?," IFPRI discussion papers 832, International Food Policy Research Institute (IFPRI).
    2. Kalaitzoglou, Iordanis Angelos & Ibrahim, Boulis Maher, 2015. "Liquidity and resolution of uncertainty in the European carbon futures market," International Review of Financial Analysis, Elsevier, vol. 37(C), pages 89-102.
    3. Jinshan Zhu & Hui Yao & Yingkai Tang & Liyong Wang, 2015. "An econometric analysis of sub-national Clean Development Mechanism performance in China," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(7), pages 1137-1153, October.
    4. Pahle, Michael & Fan, Lin & Schill, Wolf-Peter, 2011. "How emission certificate allocations distort fossil investments: The German example," Energy Policy, Elsevier, vol. 39(4), pages 1975-1987, April.
    5. Lucas M Z Mendes & Georgina Santos, 2008. "Using Economic Instruments to Address Emissions from Air Transport in the European Union," Environment and Planning A, , vol. 40(1), pages 189-209, January.
    6. Iordanis Angelos Kalaitzoglou & Boulis Maher Ibrahim, 2015. "Liquidity and resolution of uncertainty in the European carbon futures market," Post-Print hal-01107956, HAL.
    7. Heleen De Coninck & Frauke Haake & Nico Van Der Linden, 2007. "Technology transfer in the Clean Development Mechanism," Climate Policy, Taylor & Francis Journals, vol. 7(5), pages 444-456, September.
    8. Stefan Schleicher & Claudia Kettner-Marx & Angela Köppl & Barbara Anzinger & Bernhard Cemper & Andreas Türk & Andreas Karner, 2011. "Analysis of Options to Move Beyond 20 Percent Greenhouse Gas Emission Reductions. Background and Evaluation of Impact Documents," WIFO Studies, WIFO, number 41607, March.
    9. Liu, Liwei & Chen, Chuxiang & Zhao, Yufei & Zhao, Erdong, 2015. "China׳s carbon-emissions trading: Overview, challenges and future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 254-266.
    10. Rohit Jindal & Brent Swallow & John Kerr, 2008. "Forestry‐based carbon sequestration projects in Africa: Potential benefits and challenges," Natural Resources Forum, Blackwell Publishing, vol. 32(2), pages 116-130, May.
    11. Hong, Jin & Guo, Xiumei & Marinova, Dora & Yang, Fengli & Yu, Wentao, 2013. "Clean development mechanism in China: Regional distribution and prospects," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 93(C), pages 151-163.
    12. Peter A Minang & Michael K. McCall, 2008. "Multi-Level Governance Conditions for Implementing Multilateral Environmental Agreements: The Case of CDM Forestry Readiness in Cameroon," Energy & Environment, , vol. 19(6), pages 845-860, November.
    13. Emily Tyler & Richard Chivaka, 2011. "The use of real options valuation methodology in enhancing the understanding of the impact of climate change on companies," Business Strategy and the Environment, Wiley Blackwell, vol. 20(1), pages 55-70, January.
    14. Luying Wang & Kai Su & Xuebing Jiang & Xiangbei Zhou & Zhu Yu & Zhongchao Chen & Changwen Wei & Yiming Zhang & Zhihong Liao, 2022. "Measuring Gross Ecosystem Product (GEP) in Guangxi, China, from 2005 to 2020," Land, MDPI, vol. 11(8), pages 1-19, August.
    15. Charles Roger & Satishkumar Belliethathan, 2016. "Africa in the global climate change negotiations," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(1), pages 91-108, February.

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