Abstract:In 2005, the international carbon market was launched under the Kyoto Protocol, creating an innovative financing design for low-emissions development initiatives. Just over 10 years after its inception, the carbon market can now provide insight on the opportunities and limitations of "blended finance" approaches, whereby private-public partnerships are employed to pursue global development goals such as poverty alleviation and development. Utilizing process-tracing and value chain methods, this chapter adds gr… Show more
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