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Provedor de dados:  AgEcon
País:  United States
Título:  Assessing the Constraints and Opportunities for Private-Sector Participation in Activities Implemented Jointly: Two Case Studies from the US Initiative for Joint Implementation
Autores:  Powell, Mark R.
Lile, Ronald D.
Toman, Michael
Data:  2005-11-08
Ano:  1997
Palavras-chave:  Climate change
Joint implementation
Public Economics
Resumo:  This paper assesses the constraints and opportunities for private-sector participation in Activities Implemented Jointly under the United Nations Framework Convention on Climate Change. After some initial background, the discussion turns to the United States Initiative on Joint Implementation (USIJI) - its objectives, proposal review and evaluation criteria, and a classification of project proposals by project type and stage of development. Two USIJI projects are developed as case studies. One case is an energy end use project that has gained formal acceptance and financing. The other case is an energy production project proposal that has not secured acceptance or financing. In both cases, transaction costs were substantial, and project proponents regarded gaining formal host country acceptance as the principal impediment to project development. The cases illustrate how the host country JI project approval process can become entangled in broader struggles over economic reforms. The cases also suggest that JI project proponents may have divergent perspectives on the speculative value of greenhouse gas (GHG) credits. An enforceable cap on GHG emissions in the project funders' countries, which is a prerequisite to establishing any market for the credits, is contrary to the position of energy and power suppliers who promote voluntary emissions reductions. For emissions reduction technology firms, however, establishing a value for GHG credits would help generate demand for the firms' stock in trade. Finally, the study underscores that not withstanding transaction costs associated with JI proposal development and acceptance, financing remains the ultimate hurdle to project implementation.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  18912
Editor:  AgEcon Search
Relação:  Resources for the Future>Discussion Papers
Discussion Paper 97-38-REV
Formato:  23


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