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Joint Implementation in Climate Change Policy

  • Suzi Kerr


    (Motu Economic and Public Policy Research)

  • Catherine Leining

    (Center for Clean Air Policy, USA)

The textbook economists' model of a tradable permit system cannot usually be applied perfectly at either the domestic or international scale because of the difficulty and/or expense of defining allocations to and monitoring emissions of some groups, as well as for political reasons. It may be impossible to bring these groups fully into a tradeable permit system but it is often possible to find compromise solutions to gain some benefits from trade. This paper explores this problem in the context of the Joint Implementation mechanism associated with the Kyoto Protocol. This paper starts by outlining the current international rules governing Joint Implementation. We provide a summary of key jargon for those who are unfamiliar with the complex Kyoto language. We then discuss two key international issues that are still unresolved: baseline development and monitoring. We then turn to domestic governance of Joint Implementation and how the private sector might engage in Joint Implementation. At this point we consider how Joint Implementation fits within the suite of Kyoto flexibility mechanisms, why sellers and buyers might choose to engage in each, and how the different mechanisms might interact in the market for tradeable units. We conclude with some thoughts about productive directions for future research.

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Paper provided by Motu Economic and Public Policy Research in its series Working Papers with number 03_04.

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Length: 46 pages
Date of creation: Mar 2003
Date of revision:
Handle: RePEc:mtu:wpaper:03_04
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  1. Bohm, Peter & Carlen, Bjorn, 1999. "Emission quota trade among the few: laboratory evidence of joint implementation among committed countries," Resource and Energy Economics, Elsevier, vol. 21(1), pages 43-66, January.
  2. Ellerman,A. Denny & Joskow,Paul L. & Schmalensee,Richard & Montero,Juan-Pablo & Bailey,Elizabeth M., 2000. "Markets for Clean Air," Cambridge Books, Cambridge University Press, number 9780521660839.
    • Ellerman,A. Denny & Joskow,Paul L. & Schmalensee,Richard & Montero,Juan-Pablo & Bailey,Elizabeth M., 2005. "Markets for Clean Air," Cambridge Books, Cambridge University Press, number 9780521023894.
  3. Zhang, ZhongXiang & Nentjes, Andries, 1997. "International tradable carbon permits as a strong form of joint implementation," MPRA Paper 13300, University Library of Munich, Germany.
  4. Woerdman, Edwin, 2000. "Implementing the Kyoto protocol: why JI and CDM show more promise than international emissions trading," Energy Policy, Elsevier, vol. 28(1), pages 29-38, January.
  5. Cathrine Hagem, 1996. "Joint implementation under asymmetric information and strategic behavior," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 8(4), pages 431-447, December.
  6. Franz Wirl & Claus Huber & I.O Walker, 1998. "Joint Implementation: Strategic Reactions and Possible Remedies," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 12(2), pages 203-224, September.
  7. Fischer, Carolyn, 2001. "Rebating Environmental Policy Revenues: Output-Based Allocations and Tradable Performance Standards," Discussion Papers dp-01-22, Resources For the Future.
  8. Fischer, Carolyn, 2002. "Determining Project-Based Emissions Baselines with Incomplete Information," Discussion Papers dp-02-23, Resources For the Future.
  9. Geres, Roland & Michaelowa, Axel, 2002. "A qualitative method to consider leakage effects from CDM and JI projects," Energy Policy, Elsevier, vol. 30(6), pages 461-463, May.
  10. Rentz, Henning, 1998. "Joint implementation and the question of `additionality'--a proposal for a pragmatic approach to identify possible joint implementation projects," Energy Policy, Elsevier, vol. 26(4), pages 275-279, March.
  11. Wytze van der Gaast, 2002. "The Scope for Joint Implementation in the EU Candidate Countries," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 2(3), pages 275-290, September.
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