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ECN publication
Kyoto mechanisms : the role of joint implementation, the clean development mechanism and emissions trading in reducing greenhouse gas emissions
Published by: Publication date:
ECN Policy Studies 1-3-2000
ECN report number: Document type:
ECN-C--00-026 ECN publication
Number of pages: Full text:
54 Download PDF  

This study analyses the potential role and impact of the Kyoto Mechanisms- i.e. joint implementation, the clean development mechanism and emissions trading - in meeting the commitments of Annex I countries to limit their greenhouse gas (GHG) emissions in the period 2008-2012. It is based on a quantitative analysis that covers all GHGs, all Kyoto Mechanisms and all major countries and regions of the world within an integrated, bottom-up model framework. The role and impact of the Kyoto Mechanisms in limiting GHG emissions depend on a large variety of factors, notably (a) national differences in emission reduction requirements, potentials and costs, and (b) the specific characteristics of each Kyoto Mechanism - including its relative advantages and disadvantages - as determined by the specific guidelines, rules and procedures regarding its operation. These factors are discussed in the first, qualitative part of the report. The second, quantitative part analyses the trade and cost effects of the Kyoto Mechanisms for a large variety of countries and regions of the world. It shows that these effects may be very substantial. If Kyoto Mechanisms may be used unrestrictedly, Annex I countries will meet, on average, 70 to 90% of their reduction requirements by means of foreign transactions. As a result, global abatement costs will tumble from 76 billion US$ 'before trade' to 1.5-10 billion US$ 'after trade' (i.e. after relying on the Kyoto Mechanisms). 35 refs.

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