Publication: Catalysing private and public action for climate change mitigation: the World Bank’s role in international carbon markets
Catalysing private and public action for climate change mitigation: the World Bank’s role in international carbon markets
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Michaelowa, A., Michaelowa, K., Shishlov, I., & Brescia, D. (2021). Catalysing private and public action for climate change mitigation: the World Bank’s role in international carbon markets. Climate Policy, 21(1), 120–132. https://doi.org/10.1080/14693062.2020.1790334
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This policy analysis examines the role of the World Bank in shaping and stimulating international carbon markets. Adopting a public choice perspective, we argue that its engagement can be understood as a response to the joint goal of reputational and financial benefits. The detailed empirical account of the Bank’s activities – from its pioneering role through the Prototype Carbon Fund in the early 2000s, to its initiatives for upscaled crediting subsequent to the 2015 Paris Agreement – is broadly in line with this interpretation. The
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- Shishlov, Igor
- Brescia, Dario
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Michaelowa, A., Michaelowa, K., Shishlov, I., & Brescia, D. (2021). Catalysing private and public action for climate change mitigation: the World Bank’s role in international carbon markets. Climate Policy, 21(1), 120–132. https://doi.org/10.1080/14693062.2020.1790334
