| dc.description.abstract | In order to prevent dangerous anthropogenic interference with the climate system, United Nation has declared and announced a series of Acts including United Nations Framework Convention on Climate Change (UNFCCC), Kyoto Protocol, etc. Carbon market was subsequently formed, allowing parties with commitments under the Kyoto Protocol to track and trade carbon emissions like any other commodity. In time, Carbon trading has further derived into various financial instruments; for which, Carbon Funds demonstrated to have a very important role in this trading system today.
This thesis provides an in-depth discussion to the objectives of raising Carbon Funds, its historical and recent developments, investment procedures and operational structure, Carbon Funds analysis under different perspectives (including: investment strategy, funds sources, investment market, etc.), factors in effective to Carbon Funds development, comparative analysis to different carbon credit obtainment methods and futures to post Kyoto Protocol Carbon market.
The growth of the Taiwanese economy is heavily reliant on foreign trading under taken by various domestic industries; many of these corporate and firms play an important role in the global supply chain and network, especially the electronics industry. Due to this globalization, Taiwanese domestic enterprises will gradually increase their involvement in carbon trading in the near future.
The 18th Conference of Parties to the UNFCCC will be held in Qatar at the end of 2012. A new Protocol is to be generated, including more up to date policies such as carbon footprint limitation in different regions and continents, provide supports to countries damaged by dangerous climate change, etc. The new Protocol is to be in effective beginning 2013 and will enormously impact the current Carbon market. In extension, this research provides forecast to the Carbon market and analysis to market future development variations.
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