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Ten years ago, when the Kyoto Protocol finally was agreed in 2001, the world looked with large expectations on the outcome of the Protocol and at further agreements under the umbrella of the United Nations Framework Convention on Climate Change (UNFCCC). The industrial world was expected to take the lead in reaching small but significant reductions, which then should form the basis for a global treaty including commitments from all countries in the world.
Climate policy science saw an opportunity to contribute both to the development of instruments for the implementation of the Kyoto Protocol and to outline future pathways after the expiration of the Kyoto Protocol in 2012. With these aims, the Mistra foundation gave support to the climate policy research program Clipore that started in 2004.
For the implementation of the Kyoto Protocol, Clipore made several important contributions to the development of market-based mechanisms, in particular emissions trading systems within the EU and...