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

Karan Capoor and Philippe Ambrosi

No 13412, World Bank Publications - Reports from The World Bank Group

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.

Keywords: Energy-Energy; Production; and; Transportation; Environment-Carbon; Policy; and; Trading; Environment-Environment; and; Energy; Efficiency; Environment-Environmental; Economics; &; Policies; Macroeconomics; and; Economic; Growth-Markets; and; Market; Access (search for similar items in EconPapers)
Date: 2006-11
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Citations: View citations in EconPapers (15)

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