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Since the adoption of the Kyoto Protocol to the United Nations
Framework Convention on Climate Change in 1997, the negotiation of
policy responses to climate change has become an area of major
research. This authoritative volume sets out the main debates and
processes of joint implementation - bilateral or multilateral
investments in greenhouse gas emission reduction or sequestration -
and explores the issues involved in constructing an appropriate
institutional framework. It examines the key economic,
environmental, social and ethical impacts, and assesses the
operational design of the flexibility mechanisms of joint
implementation, including emissions trading and the Clean
Development Mechanism. An approach is developed in which
streamlined assessment procedures are combined with institutional
safeguards in order to balance the demand for practical mechanisms
with the environmental objectives of the Protocol. The book
provides detailed case studies of energy sector investment in
Eastern European host countries.
Since the adoption of the Kyoto Protocol to the United Nations
Framework Convention on Climate Change in 1997, the negotiation of
policy responses to climate change has become an area of major
research. This authoritative volume sets out the main debates and
processes of joint implementation - bilateral or multilateral
investments in greenhouse gas emission reduction or sequestration -
and explores the issues involved in constructing an appropriate
institutional framework. It examines the key economic,
environmental, social and ethical impacts, and assesses the
operational design of the flexibility mechanisms of joint
implementation, including emissions trading and the Clean
Development Mechanism. An approach is developed in which
streamlined assessment procedures are combined with institutional
safeguards in order to balance the demand for practical mechanisms
with the environmental objectives of the Protocol. The book
provides detailed case studies of energy sector investment in
Eastern European host countries.
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