We study climate change in a model with a carbon-intensive and a green sector, each subject to stochastic productivity shocks, and show how the underlying economic structure affects the risk-adjusted discount rate and the climate risk premium in the social cost of carbon (SCC). Consumption...

This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and how they...

Technological revolutions have increased the world's wealth to a level that was once unimaginable. They have done so unevenly, however, and in ways that have accelerated climate change. Technology Transfer and Innovation for Low-Carbon Development argues that most of the emissions reductions...

This book is the first stocktaking of what the decarbonization of the world economy means for fossil fuel+ "dependent countries. These countries are the most exposed to the impacts of global climate policies and, at the same time, are often unprepared to manage them. They depend on the export of...

Geothermal is a renewable source energy that can be used directly for heating or for power production. Geothermal utilization, particularly power production, may result in some greenhouse gas (GHG) emissions. GHG emissions from geothermal power production is generally small in comparison to...

Reduction of greenhouse gas (GHG) emissions is fundamental to the mitigation of climate change. It has become increasingly important to estimate and report on GHG emissions to enable the implementation of mitigation measures to limit or reduce total emissions. In most cases, such estimation is...

By 2050, two-thirds of the planet's population will live in urban centers, and nearly 90 percentof the 2.5 billion new urban dwellers will live in Africa and Asia. The world's urban areas wereresponsible for around 70 percent of greenhouse gas (GHG) emissions in 2013, and that numbercould grow...

This working paper commissioned by the World Bank Carbon Markets and Innovation Practice (GCCMI) critically examines experience with carbon markets under the Kyoto protocol. The de facto end of the Kyoto Protocol and heralding of the Paris Agreement era has created the space for critical...