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008    020129s2018    dcu     o    i00  0 eng^^
024 7  10.1596/31058 |2doi
035    (CKB)4920000001215007
035    (The World Bank)31058
035    (US-djbf)31058
035    (EXLCZ)994920000001215007
040    DJBF |beng |cDJBF |erda
110 2  World Bank Group.
245 14 The Potential for Climate Auctions as a Mechanism for NDC Implementation
264  1 Washington, D.C. : |bThe World Bank, |c2018.
336    text |btxt |2rdacontent
337    computer |bc |2rdamedia
338    online resource |bcr |2rdacarrier
347    data file |2rda
490 1  Other papers
520 3  Climate auctions are an innovative climate finance mechanism, with high potential to support nationally determined contribution (NDC) implementation and deepening through efficiently leveraging private investment. The World Bank has developed the climate auction model through the work of the Pilot Auction Facility for Methane and Climate Change Mitigation (PAF). The PAF delivered cost-effective methane and nitrous oxide abatement by offering publicly-funded price guarantees for future climate results to private sector companies that competed to buy the price guarantees via an auction. This report proposes that climate auctions may be an attractive option as part of a transition towards the greater use of market-based instruments to support NDC implementation and achieve more ambitious climate results. The report reviews the broader policy context and develops three implementation modalities through which climate auctions can support NDC implementation. The report also discusses when the model is valuable and appropriate, reviewing the overarching conditions for climate outcome opportunities to be suitable for the use of climate auctions.
650  4 Carbon policy and trading
650  4 Climate change
650  4 Climate change mitigation and green house gases
650  4 Energy
650  4 Environment
650  4 Environment and energy efficiency
650  4 Environmental economics and policies
650  4 Environmental policy
650  4 Renewable energy
830  0 Other papers.
830  0 World Bank e-Library.
906    BOOK