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Capping the Cost of Compliance with the Kyoto Protocol and Recycling Revenues into Land-Use Projects

Schlamadinger, B; Obersteiner, M; Michaelowa, A; Grubb, M; Azar, C; Yamagata, Y; Goldberg, D; ... Boswald, K; + view all (2001) Capping the Cost of Compliance with the Kyoto Protocol and Recycling Revenues into Land-Use Projects. The Scientific World Journal , 1 pp. 271-280. 10.1100/tsw.2001.70. Green open access

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Abstract

There is the concern among some countries that compliance costs with commitments under the Kyoto Protocol may be unacceptably high. There is also the concern that technical difficulties with the inclusion of land use, land-use change, and forestry activities in non-Annex I countries might lead to an effective exclusion of such activities from consideration under the Protocol. This paper is proposing a mechanism that addresses both these concerns. In essence, it is suggested that parties should be able to purchase fixed-price offset certificates if they feel they cannot achieve compliance through other means alone, such as by improved energy efficiency, increased use of renewable energy, or use of the flexible mechanisms in the Kyoto Protocol. These offset certificates would act as a price cap for the cost of compliance for any party to the Protocol. Revenues from purchase of the offset certificates would be directed to forest- based activities in non-Annex I countries such as forest protection that may carry multiple benefits including enhancing net carbon sequestration.

Type: Article
Title: Capping the Cost of Compliance with the Kyoto Protocol and Recycling Revenues into Land-Use Projects
Open access status: An open access version is available from UCL Discovery
DOI: 10.1100/tsw.2001.70
Publisher version: http://dx.doi.org/10.1100/tsw.2001.70
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: climate change, greenhouse gases, CO2, offset certificates, price cap, price ceiling, carbon sequestration, deforestation, compliance, Kyoto Protocol
URI: http://discovery.ucl.ac.uk/id/eprint/1471214
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