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Issues and open questions of greenhouse gas emission trading under the Kyoto protocol

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dc.creator Dutschke, Michael
dc.creator Michaelowa, Axel
dc.date 1998
dc.date.accessioned 2013-10-16T07:03:29Z
dc.date.available 2013-10-16T07:03:29Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19185
dc.identifier ppn:258371935
dc.identifier RePEc:zbw:hwwadp:26258
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19185
dc.description For the first time, the Protocol negotiated by the third Conference of the Parties to the U.N. Framework Convention on Climate Change in Kyoto sets legally binding emission targets for the commitment period 2008-2012 for the industrial countries and countries in transition listed in Annex I. These targets encompass a basket of six greenhouse gases and do not have to be reached by domestic emission reduction alone. The Protocol allows the use of less costly emission reduction potential abroad through four mechanisms: common targets or "bubbles" (Art. 4), emission trade (Art. 17), Joint Implementation (Art. 6) and projects of the "Clean Development Mechanism" (CDM) with countries without emission targets (Art. 12). Bubbles withstanding they shall be "supplemental" to domestic measures. Supplementarity has not been defined in the Protocol, though. If average emissions in the commitment period are lower than the emission target the difference can be banked for the next commitment period. Due to time pressure during negotiation of the Protocol rules for the use of flexibility mechanisms remain vague. Thus the next Conference of the Parties has to settle many details. This study makes suggestions for the solution of these open issues on the base of the goal of economic efficient emission reduction. It also considers the political feasibility of these suggestions.
dc.language eng
dc.publisher
dc.relation HWWA Discussion Paper 68
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject ddc:330
dc.subject Klimaschutz
dc.subject Internationale Umweltpolitik
dc.subject Umweltzertifikat
dc.subject Kohlendioxid
dc.subject Welt
dc.title Issues and open questions of greenhouse gas emission trading under the Kyoto protocol
dc.type doc-type:workingPaper


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