4. Transaction
Costs
Kenya
Agricultural
Carbon
Project
• $2.48
million
in
carbon
revenues
over
20
years
(assuming
$4
per
ton)
• 60%
discount
rate
• $1.04
million
to
establish
and
market
fund
• 60,000
farmers
receive
$22.83
over
20
years
5. Alternatives
the
sustainability
of
finance
from
carbon
trading
is
…
structurally
reliant
on
the
failure
to
reduce
emissions
adequately
in
industrialized
countries
– FERN
et
al.
20
• Annex
1
countries
should
honor
commitments
• Financial
Transactions
Tax
• IMF
Special
Drawing
Rights