Since 2005, Parties to the UNFCCC have been negotiating policy options for incentivizing reductions of (greenhouse gas) emissions from deforestation and degradation (REDD) in a future climate regime. Proposals on how to operationalize REDD range from market-based to pure fund-based approaches....

A whole bundle of so-called "flexible mechanisms" has been foreseen by the Kyoto Protocol in order to help industrial countries to fulfill their agreed reduction targets in the most cost-effective way. Emission permits will act as the backbone of all market-orientated mechanisms. Therefore,...

Carbon sequestration projects in the context of the Clean Development Mechanism (CDM) suffer from the stigma of permanence risk. The risk that carbon reduced or sequestered in forestry projects is release further down the road is in fact undeniable, whoever bears the onus. The merit of the...

The implementation of activities aimed at mitigating global greenhouse gas emissions is more cost-efficient in developing countries than in most of the industrialised world. Nevertheless, efficient mitigation may have adverse effects on equity. A Clean Development Mechanism (CDM) is therefore to...

Project-based climate cooperation between industrial and developing countries was first proposed in the early l990s, then under the name of joint implementation (JI). Once in place, this cooperation could lead to a high amount of additional financial flows to developing countries. Nevertheless,...

The implementation of activities aimed to mitigate global greenhouse gas emissions is more cost-efficient in developing countries than in most of the industrialized world. A Clean Development Mechanism (CDM) is to assure that the interests of all parties implicated in Joint Implementation...

Das Kyoto-Protokoll zur UN-Klimarahmenkonvention setzt verbindliche Treibhausgasemissionsziele für Industrieländer, die allerdings erst im Zeitraum 2008-2012 gelten. Da für die Zeit bis 2008 mit einem erheblichen Emissionsanstieg zu rechnen ist, wird über Ansätze nachgedacht, schon vorher...

The authors suggest a multi-layered system of three convergence criteria – similar to those used in the run-up to the European monetary union – that define the notion of ?demonstrable progress? towards reaching the emission commitments under the Kyoto Protocol. These are the existence of an...

Carbon sequestration projects in the context of the Clean Development Mechanism (CDM) suffer from the stigma of permanence risk. The risk that carbon reduced or sequestered in forestry projects is release further down the road is in fact undeniable, whoever bears the onus. The merit of the...