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Date: 2024-07-27 Page is: DBtxt001.php txt00024145
CARBON EMISSIONS
CARBON CONTROL MECHANISMS
Carbon Control Mechanisms ... SEI-Lessons-for-Carbon-Mechanism-2015 (128 page PDF)
Original article:
Peter Burgess COMMENTARY

Peter Burgess
Carbon Control Mechanisms
SEI-Lessons-for-Carbon-Mechanism-2015 (128 page PDF) Has Joint Implementation reduced GHG emissions? Lessons learned for the design of carbon market mechanisms
Anja Kollmuss, Lambert Schneider and Vladyslav Zhezherin ... Stockholm Environment Institute Analysis of impact of Joint Implementation Kyoto Protocol to generate Emission Reduction Units (ERUs) from greenhouse gas (GHG) reduction projects
'http://truevaluemetrics.org/DBpdfs/Carbon/SEI/SEI-Lessons-for-Carbon-Mechanism-2015.pdf'
ABSTRACT
This study systematically evaluates the environmental integrity of Joint Implementation (JI) in the first commitment period of the Kyoto Protocol. Our analysis indicates that about three-quarters of JI offsets are unlikely to represent additional emissions reductions. This suggests that the use of JI offsets may have enabled global GHG emissions to be about 600 million tonnes of carbon dioxide equivalent higher than they would have been if countries had met their emissions domestically. Of the six largest project types assessed in more detail, we find only one – N2O abatement from nitric acid production – had overall high environmental integrity. Our evaluation clearly shows that oversight of an international market mechanism by the host country alone is insufficient to ensure environmental integrity. The paper makes recommendations for the ongoing review of the JI Guidelines, for carbon markets generally, and for a new climate agreement.
TPB Note 170912: This seems to be another example of the myth of markets, the invisible hand rarely produces the desired outcome but something completely different! 		Open PDF ... SEI-Lessons-for-Carbon-Mechanism-2015



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