Kevin Baumert and Elena Petkova This note examines two of the flexibility mechanisms created by the Kyoto Protocol and explores issues regarding their implementation. Joint Implementation (JI) and the Clean Development Mechanism (CDM), the two mechanisms most immediately relevant to countries with economies in transition and developing countries, were designed to assist states in meeting set Greenhouse Gas (GHG) emissions targets by promoting investment by industrialized nations in climate-friendly projects. Drawing on the concrete experiences of Central and Eastern European (CEE) countries, which launched a JI pilot program, Activities Implemented Jointly (AIJ), in 1995, the authors argue that countries desiring to implement JI or CDM programs must address three fundamental issues in order to create viable programs and facilitate investment. First, national governments must ensure that project baselines are accurate and accessible. Second, projects must be consistent with current national development objectives. Finally, the high cost of project investment must be reduced. Without attention to these concerns, the authors contend, it will be difficult for governments to implement effective JI or CDM programs.
November 2000 / 16 pages |
| If your country does not appear on the order form list please contact the World Resources full list of Distributors |