Climate Finance : : Regulatory and Funding Strategies for Climate Change and Global Development / / ed. by Bryce Rudyk, Benedict Kingsbury, Richard B. Stewart.

Preventing risks of severe damage from climate change not only requires deep cuts in developed country greenhouse gas emissions, but enormous amounts of public and private investment to limit emissions while promoting green growth in developing countries. While attention has focused on emissions lim...

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Superior document:Title is part of eBook package: De Gruyter New York University Press Backlist eBook-Package 2000-2013
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Place / Publishing House:New York, NY : : New York University Press, , [2009]
©2009
Year of Publication:2009
Language:English
Online Access:
Physical Description:1 online resource
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Description
Other title:Frontmatter --
Contents --
Acknowledgments --
Foreword: NYU Abu Dhabi and the Sustainable Environment --
Summary of Key Findings and Recommendations --
About the Contributors --
Part I. Climate Change and Mitigation: Overview and Key Themes --
1. Climate Finance for Limiting Emissions and Promoting Green Development: Mechanisms, Regulation, and Governance --
2. Understanding the Causes and Implications of Climate Change --
3. T e Climate Financing Problem: Funds Needed for Global Climate Change Mitigation Vastly Exceed Funds Currently Available --
4. The Future of Climate Governance: Creating a More Flexible Architecture --
Part II. Proposals for Climate Finance: Regulatory and Market Mechanisms and Incentives --
A. Trading or Taxes? --
5. Cap-and-Trade Is Preferable to a Carbon Tax --
B. Reforming the Clean Development Mechanism (CDM ) --
6. Expectations and Reality of the Clean Development Mechanism: A Climate Finance Instrument between Accusation and Aspirations --
C. Sectoral Programs for Emissions Control and Crediting --
7. Why a Successful Climate Change Agreement Needs Sectoral Elements --
8. Sectoral Crediting: Getting the Incentives Right for Private Investors --
9. Forest and Land Use Programs Must Be Given Financial Credit in Any Climate Change Agreement --
10. Stock-and-Flow Mechanisms to Reduce Land Use, Land Use Change, and Forestry Emissions: A Proposal from Brazil --
D. Leveraging Trading to Maximize Climate Benefits --
11. Mitigating Climate Change at Manageable Cost: Th e Catalyst Proposal --
12. Engaging Developing Countries by Incentivizing Early Action --
E. Linking Trading Systems --
13. Carbon Market Design: Beyond the EU Emissions Trading Scheme --
F. Investor Perspectives --
14. Incentivizing Private Investment in Climate Change Mitigation --
15. Investment Opportunities and Catalysts: Analysis and Proposals from the Climate Finance Industry on Funding Climate Mitigation --
Part III. Bringing Developed and Developing Countries Together in Climate Finance Bargains: Trust, Governance, and Mutual Conditionality --
A. Meeting Developing Country Climate Finance Priorities --
16. Developing Country Concerns about Climate Finance Proposals: Priorities, Trust, and the Credible Donor Problem --
17. Developing Countries and a Proposal for Architecture and Governance of a Reformed UNFCCC Financial Mechanism --
18. Climate Change and Development: A Bottom-Up Approach to Mitigation for Developing Countries? --
19. Operationalizing a Bottom-Up Regime: Registering and Crediting NAMAs --
B. Conditionality and Its Governance --
20. From Coercive Conditionality to Agreed Conditions: The Only Future for Future Climate Finance --
21. Getting Climate-Related Conditionality Right --
22. Making Climate Financing Work: What Might Climate Change Experts Learn from the Experience of Development Assistance? --
Part IV. National Policies: Implications for the Future Global Climate Finance Regime --
23. Climate Legislation in the United States: Potential Framework and Prospects for International Carbon Finance --
24. The EU ETS: Experience to Date and Lessons for the Future --
25. Greenhouse Gas Emissions and Mitigation Measures in China --
26. Cities and GHG Emissions Reductions: An Opportunity We Cannot Afford to Miss --
27. A Prototype for Strategy Change in Oil-Exporting MENA States? The Masdar Initiative in Abu Dhabi --
Part V. Climate Finance and World Trade Organization (WTO) Law and Policy --
28. The WTO and Climate Finance: Overview of the Key Issue --
29. Carbon Trading and the CDM in WTO Law --
30. Countervailing Duties and Subsidies for Climate Mitigation: What Is, and What Is Not, WTO-Compatible? --
31. Border Climate Adjustment as Climate Policy --
32. Enforcing Climate Rules with Trade Measures: Five Recommendations for Trade Policy Monitoring --
33. Carbon Footprint Labeling in Climate Finance: Governance and Trade Challenges of Calculating Products’ Carbon Content --
Part VI. Taxation of Carbon Markets --
34. Fiscal Considerations in Curbing Climate Change --
35. Tax and Efficiency under Global Cap-and-Trade --
36. Tax Consequences of Carbon Cap-and-Trade Schemes: Free Permits and Auctioned Permits --
Afterword: Reflections on a Path to Effective Climate Change Mitigation --
Abbreviations --
Index
Summary:Preventing risks of severe damage from climate change not only requires deep cuts in developed country greenhouse gas emissions, but enormous amounts of public and private investment to limit emissions while promoting green growth in developing countries. While attention has focused on emissions limitations commitments and architectures, the crucial issue of what must be done to mobilize and govern the necessary financial resources has received too little consideration. In Climate Finance, a leading group of policy experts and scholars shows how effective mitigation of climate change will depend on a complex mix of public funds, private investment through carbon markets, and structured incentives that leave room for developing country innovations. This requires sophisticated national and global regulation of cap-and-trade and offset markets, forest and energy policy, international development funding, international trade law, and coordinated tax policy.Thirty-six targeted policy essays present a succinct overview of the emerging field of climate finance, defining the issues, setting the stakes, and making new and comprehensive proposals for financial, regulatory, and governance mechanisms that will enrich political and policy debate for many years to come. The complex challenges of climate finance will continue to demand fresh insights and creative approaches. The ideas in this volume mark out starting points for essential institutional and policy innovations.
Format:Mode of access: Internet via World Wide Web.
ISBN:9780814786574
9783110706444
DOI:10.18574/nyu/9780814786574.001.0001
Access:restricted access
Hierarchical level:Monograph
Statement of Responsibility: ed. by Bryce Rudyk, Benedict Kingsbury, Richard B. Stewart.