February 6, 2011

Cities and Carbon Market Finance

by Christa Clapp, Alexia Leseur, Olivier Sartor, Gregory Briner and Jan Corfee-Morlot

- This paper reviews 10 in-depth case studies of urban projects proposed and operating within the realm of Joint Implementation (JI) and the Clean Development Mechanism (CDM) of the Kyoto Protocol. It explores the drivers of success for projects, examining in particular: types of projects that have been successful and their profitability; leadership and other roles of various actors in project initiation development and operation (i.e. local, regional and national governments as well as international, private sector or other non-governmental organisations); the role of local cobenefits; and project financial structure and risk management approaches.

Clapp, C., A. Leseur, O. Sartor, G. Briner and J. Corfee-Morlot (2010). "Cities and Carbon Market Finance. Taking Stock of Cities' Experience With Clean Development Mechanism (CDM) and Joint Implementation (JI)." OECD Environment Working Papers, No. 29, Nov 2010.