To reduce the risk of overselling in the context of international greenhouse gas trading under the Kyoto Protocol, Parties have agreed to a commitment period reserve requirement. The commitment period reserve requires each Annex B Party to hold in its national registry quota equal to the <italic>lower</italic>...

Technology development and transfer is an important feature of both the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol. Although the Clean Development Mechanism (CDM) does not have an explicit technology transfer mandate, it may contribute to technology...

Policies adopted by Annex B Parties to reduce their greenhouse gas (GHG) emissions are likely to increase costs for industries vulnerable to international competition in domestic or export markets. Domestic emissions trading, by enabling the aggregate emissions target to be met at least cost,...

Within a few decades, tens of billions, and possibly over a hundred billion, dollars will be needed for climate change adaptation in developing countries. In recent international climate negotiations, US$100 billion per year by 2020 was pledged by developed countries for mitigation and...

To reduce the costs of mitigating greenhouse gas emissions in accordance with the Kyoto protocol, international trades of emissions quotas are allowed. The revenue from the sale of quotas may exceed the sanctions for non-compliance if these penalties are weak or poorly enforced. Under these...

A number of greenhouse gas emissions trading schemes have been implemented or proposed for Canada, the USA and Mexico. Links between those schemes make sense, given the close economic ties between the countries. All of the existing and proposed schemes, except Alberta's, include provisions for...

This paper examines implementation of the Kyoto Protocol without Russia. It concludes that implementation without Russia is possible, although it requires political will on the part of the countries that wish to proceed with the Protocol. It would lead to higher compliance costs for Annex B...

Keeping the global temperature increase below 2°C will require concerted mitigation action by both developed and developing countries. In the UN Framework Convention, the Kyoto Protocol and the Copenhagen Accord, developed countries have an obligation to provide finance for mitigation measures...