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The Kyoto Mechanisms — A Framework for International Emissions Trading

  • Deborah Stowell
Part of the Finance and Capital Markets Series book series (FCMS)

Abstract

Cost considerations have been one of the key concerns for Annex I Parties when considering taking on reduction and limitation targets under the Kyoto Protocol. Incorporating an international emissions trading system into the Protocol was one of the key requirements for several countries within the climate negotiations. Without it, the adoption of an agreement with legally binding reduction and limitation targets probably would not have been possible. Or, at a minimum, the levels of the reduction and limitation targets would have been much lower. Although the targets seem relatively low, they are in fact significant when seen against the back drop of the amount of reductions an individual country will have to reduce. Some countries will have to reduce current emissions by up to 20 per cent to reach their target.

Keywords

Clean Development Mechanism Clean Development Mechanism Project Joint Implementation Executive Board Commitment Period 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Deborah Stowell 2005

Authors and Affiliations

  • Deborah Stowell

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