Advance Market Commitments for low-carbon development: an economic assessment. Final Report.
Advance Market Commitments (AMCs) are temporary interventions to make revenues from markets more lucrative and more certain in order to accelerate investment. This report provides an economic assessment of the possible role for Advance Market Commitments (AMCs), first used to incentivise investment in vaccines for the developing world, in promoting low-carbon development. It provides a way of defining AMCs in the low-carbon context, considers the situations in which AMCs are likely to be appropriate interventions and analyses the advantages and disadvantages of different types of AMCs.
Vivid Economics, London, UK, 65 pp.