Kuwait Inter Bank Offer Rate and Kyoto Protocol: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Mend link.)
 
imported>Doug Williamson
(Update - source - Wikipedia https://en.wikipedia.org/wiki/Kyoto_Protocol and UK Gov - https://www.gov.uk/government/publications/greenhouse-gas-reporting-conversion-factors-2022)
 
Line 1: Line 1:
In theory there is an Interbank rate in Kuwait, sometimes known as KIBOR.
''Environmental risk management - United Nations Framework Convention on Climate Change (UNFCCC).''


However, KIBOR is an irrelevance for most corporate treasury activities.
The Kyoto Protocol, adopted in 1997, was an extension and implementation of the UNFCCC.


Signatories committed themselves to reduce or limit greenhouse gas emissions in two commitment periods expiring in 2012 and 2020 respectively.


All KWD bank debt is priced as a spread over the Central Bank Discount Rate ("CBK"), which is changed by unilateral decision of the central bank. 


CBK-based debt reprices immediately when the rate is changed, unlike other benchmark interest rates which only reprice at the end of the agreed fixing drawdown period.
The Kyoto Protocol - as amended - covers the following seven greenhouse gases:


*Carbon dioxide (CO<sub>2</sub>).
*Methane (CH<sub>4</sub>)
*Nitrous oxide (N<sub>2</sub>O)
*Hydrofluorocarbons (HFCs)
*Perfluorocarbons (PFCs)
*Sulphur hexafluoride (SF<sub>6</sub>)
*Nitrogen trifluoride (N<sub>3</sub>O)




'''Other KIBORs'''
For the first commitment period, the gases covered were the first six listed above.  Nitrogen trifluoride (N<sub>3</sub>O)  was added for the second commitment period.


Kuwait Inter Bank Offer Rate should not be confused with Karachi IBOR or Kiev IBOR, which are also sometimes known as KIBOR.


== See also ==
* [[Climate change]]
* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]
* [[Climate risk]]
* [[Green Climate Fund]]
* [[Greenhouse gas]]  (GHG)
* [[Methane]]
* [[Paris Agreement]]
* [[Protocol]]
* [[Risk management]]
* [[United Nations]]
* [[United Nations Framework Convention on Climate Change]] (UNFCCC)


==See also==
*[[Benchmark]]
*[[Central bank]]
*[[InterBank Offered Rate]]
*[[KWD]]


[[Category:Corporate_financial_management]]
==External link==
[https://unfccc.int/ UNFCCC home page]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 16:01, 1 March 2023

Environmental risk management - United Nations Framework Convention on Climate Change (UNFCCC).

The Kyoto Protocol, adopted in 1997, was an extension and implementation of the UNFCCC.

Signatories committed themselves to reduce or limit greenhouse gas emissions in two commitment periods expiring in 2012 and 2020 respectively.


The Kyoto Protocol - as amended - covers the following seven greenhouse gases:

  • Carbon dioxide (CO2).
  • Methane (CH4)
  • Nitrous oxide (N2O)
  • Hydrofluorocarbons (HFCs)
  • Perfluorocarbons (PFCs)
  • Sulphur hexafluoride (SF6)
  • Nitrogen trifluoride (N3O)


For the first commitment period, the gases covered were the first six listed above. Nitrogen trifluoride (N3O) was added for the second commitment period.


See also


External link

UNFCCC home page

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Kuwait_Inter_Bank_Offer_Rate&oldid=29180’