G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
An Assessment of the EU Proposal for Ceilings on the Use of Kyoto Flexibility Mechanisms
ZhongXiang Zhang
发表日期2000
出处Climate Change and Sustainable Development
出版年2000
语种英语
摘要The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions targets and timetables for Annex I countries. It incorporates emissions trading, joint implementation and the clean development mechanism. Because each of the Articles defining the three flexibility mechanisms carries wording that the use of the mechanism must be supplemental to domestic actions, the supplementarity provisions have been the focus of the international climate change negotiations subsequent to Kyoto. Whether the supplementarity clauses will be translated into a concrete ceiling, and if so, how should a concrete ceiling on the use of the three flexible mechanisms be defined remain to be determined. To date, the European Union (EU) has tabled a proposal for ceilings on the use of these flexibility mechanisms. Given the great policy relevance to the ongoing negotiations on the overall issues of flexibility mechanisms, this paper has provided a quantitative assessment of the implications of the EU ceilings with and without considering the however clause. Our results suggest that such ceilings are less restrictive to the EU than to the US and Japan in terms of levels of restriction on permits imports, and can prevent one third of the amount of hot air from entering the market. Our results also demonstrate that although the US and Japan are firmly opposed to such a restriction, they tend to benefit more from it than the EU which strongly advocates such ceilings, in terms of the reductions in the total abatement costs relative to the no trading case. Moreover, their gains can increase even further, provided that the however clause would operate as intended.
特色分类Q28,Q25,Q48,Q43
关键词Emissions trading,clean development mechanism,joint implementation,greenhouse gases,European Union,supplementarity restrictions
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/an-assessment-of-the-eu-proposal-for-ceilings-on-the-use-of-kyoto-flexibility-mechanisms/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/116592
推荐引用方式
GB/T 7714
ZhongXiang Zhang. An Assessment of the EU Proposal for Ceilings on the Use of Kyoto Flexibility Mechanisms. 2000.
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