Flexibility in Global Climate Policy: Beyond Joint Implementation

Flexibility in Global Climate Policy: Beyond Joint Implementation

by Tim Jackson, Stuart Parkinson
     
 

ISBN-10: 1853837059

ISBN-13: 9781853837050

Pub. Date: 02/28/2001

Publisher: Taylor & Francis

Since the unanimous adoption of the Kyoto Protocol to the UN Framework Convention on Climate Change (FCCC) 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

Overview

Since the unanimous adoption of the Kyoto Protocol to the UN Framework Convention on Climate Change (FCCC) 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'. It provides detailed case studies of energy sector investment in eastern European host countries with donor countries considered in northern Europe. This book will have a major impact on the contemporary debates on climate policy in the wake of the Kyoto Protocol.

Product Details

ISBN-13:
9781853837050
Publisher:
Taylor & Francis
Publication date:
02/28/2001
Edition description:
1
Pages:
264
Product dimensions:
6.24(w) x 9.50(h) x 0.96(d)

Table of Contents

List of Figures, Tables and Boxesviii
Acronyms and Abbreviationsxi
About the Contributorsxiv
Forewordxvii
Prefacexix
Acknowledgementsxxi
1Beyond Joint Implementation: An overview and summary of the argument
Introduction1
Summary of the argument3
Chapter-by-chapter synopsis5
Conclusions14
2The Language of Flexibility: Operational forms of joint implementation
Introduction16
Institutional background16
Classification of flexibility mechanisms18
Schematic representation of joint implementation characteristics20
Flexibility mechanisms in the Kyoto Protocol22
Conclusions27
3Objectives of Joint Implementation: Towards a multicriteria evaluation framework
Introduction29
Environmental effectiveness30
Equity35
Economic efficiency38
Conclusions43
4The Baseline Question: Dealing with the problem of counterfactuality
Introduction44
The system boundary46
Critical elements in the construction of baselines51
A review of approaches to baseline construction54
Conclusions58
5Case Study Projects
Introduction60
Project selection61
Host country contexts62
Donor country contexts65
Data collection68
Project descriptions69
Conclusions76
6Environmental and Social Aspects of Joint Implementation: Methodologies and case study results
Introduction78
The environmental context of joint implementation79
Methods of environmental and social impact assessment81
A retrospective environmental impact assessment for case study projects96
Environmental and social impact assessment: routine methods for joint implementation actions105
Conclusions109
7Accounting for Emissions Reductions and Costs: Methodology and case study results
Introduction111
Methodology112
Assumptions for project-level assessment119
Case study results: emissions and costs121
Case study results: baseline construction121
Case study results: evaluation of critical variables126
Comparison with the Framework Convention on Climate Change reported data133
Conclusions135
8Uncertainty and Sensitivity Analysis: Methodology and case study results
Introduction137
Sources of uncertainty137
Methodologies for dealing with uncertainty139
Project- versus system-level assessment142
Effect of different accounting frameworks147
Feasibility- versus monitoring-based assessment149
Effect of background factors154
Uncertainty and sensitivity analysis using stochastic simulation155
Conclusions158
9Measures for Managing Flexibility: Dealing with complexity and uncertainty
Introduction162
The incentives for gaming164
Baseline management167
Monitoring and verification175
Accreditation procedures177
Summary of individual measures180
Constructing a package of measures180
Conclusions182
10Evaluating Joint Implementation Options: An illustrative analysis
Introduction185
Operational parameters for joint implementation186
Defining joint implementation options190
Methodologies for evaluating joint implementation options200
Illustrative evaluation using multi-attribute decision analysis techniques204
Minimum requirements for joint implementation210
Conclusions212
Appendix 1Analysis of Crediting Regimes214
Notes223
References227
Index237

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