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| Michaelowa, Axel; Schmitz, Simon. |
| The "first track" of Joint Implementation under the Kyoto Protocol gives host and investor countries total freedom in choosing a baseline for a project reducing or sequestering greenhouse gases. This is due to the fact that an overly generous granting of emission credits leads to a corresponding reduction of the host country's emission budget. Standardised, multi-project baselines can reduce transaction costs, especially in relatively homogeneous sectors such as electricity production or landfill methane collection. Host countries need capacity to calculate such baselines which currently does not exist. "Boundary organisations" can bridge the gap between technical analysis and strategic considerations. Interviews with government officials and other... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Joint Implementation; Baselines; Institutions; Host countries; Environmental Economics and Policy; Q25; O13. |
| Ano: 2003 |
URL: http://purl.umn.edu/26173 |
