By Karl Ludwig Brockmann, Marcus Stronzik (auth.), Dr. Karl Ludwig Brockmann, Dipl.-Wirtschaftsing. Marcus Stronzik (eds.)
In the Kyoto Protocol to the UN Framework conference on weather switch, industrialized nations agreed on binding absolute pursuits for greenhouse gasoline emissions and at the admission of versatile market-economy tools - reminiscent of emissions buying and selling, joint implementation and the fresh improvement mechanism - used for achieving the objectives. The contributions during this quantity display that versatile tools can reduce the prices of weather safety significantly - not just in concept, but additionally in perform. pertaining to implementation, it is going to be essential to look after attainable loopholes, uncertainties and transaction expenditures that could be too excessive if no right layout is chosen.
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Additional resources for Flexible Mechanisms for an Efficient Climate Policy: Cost Saving Policies and Business Opportunities
Consistent with other Conventions - The rules and institutional structure for the CDM must be consistent with the regulations and priorities set out in relevant Convention bodies such as the Biodiversity and Desertification Conventions. The above CAN criteria, in addition to the Article 12 criteria would help to establish an environmentally sound CDM that supports the Convention and Kyoto Protocol objectives. Elements of a Credible JI and Emissions Trading Regimes The joint implementation (11) guidelines for environmental additionality, monitoring and reporting, and verification and certification should be as rigorous as those for CDM.
Small investors have no chance to develop bilateral projects on 2 The term "hot air" refers to emission targets for transition countries that even given a major economic upswing will not attain the historic emissions of 1990 during the commitment period. This will enable them to trade with part of their assigned amounts which are not backed by real emission reductions. Project-Based Instruments 45 their own. They are interested in an emission credit which is insured against failure and which bears no unexpected transaction costs.
However, in order for this to be possible, Annex I countries need to make a commitment to promote and develop the institutional capacities in host countries. Sustainable development - While sustainable development is explicitly one of the primary objectives of Article 12, the levels at which this objective should be achieved are not indicated. In assessing the extent to which sustainable development is reached through a COM project, the evaluation should be performed at both national and local levels.
Flexible Mechanisms for an Efficient Climate Policy: Cost Saving Policies and Business Opportunities by Karl Ludwig Brockmann, Marcus Stronzik (auth.), Dr. Karl Ludwig Brockmann, Dipl.-Wirtschaftsing. Marcus Stronzik (eds.)