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Transparency of the organization and activity of carbon funds

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  • Klaudia Jarno

Abstract

Public and mixed carbon funds buy carbon credits on behalf of public authorities and make use of public money, thus there is a need for clear information regarding their operations. The paper presents a new transparency index for the organization and activity of carbon funds that takes account of information disclosed via the internet. The construction of the index is based on the Linaburg-Maduell Transparency Index for sovereign wealth funds. The empirical study demonstrates that public and mixed carbon funds varied significantly in terms of their transparency but, in general, mixed carbon funds performed slightly better than public carbon funds.

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  • Klaudia Jarno, 2019. "Transparency of the organization and activity of carbon funds," Public Money & Management, Taylor & Francis Journals, vol. 39(6), pages 436-442, August.
    • Handle: RePEc:taf:pubmmg:v:39:y:2019:i:6:p:436-442
    DOI: 10.1080/09540962.2018.1551993
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