Keeping track : options to develop international greenhouse gas unit accouting after 2012
Keeping track : options to develop international greenhouse gas unit accouting after 2012 / Andrew Prag & André Aasrud and Christina Hood. Paris : IEA/OECD, 31 May 2011, 63 p.
Executive summary :
There is still uncertainty surrounding the use of tradable greenhouse gas (GHG) units in a post-2012 international climate change policy framework, despite progress made at the 16th Conference of the Parties (COP 16) to the UN Framework Convention on Climate Change (UNFCCC) in Cancún. In particular, it is not clear whether the current approach under the Kyoto Protocol of allocating centrally-administered emissions allowances for Annex I countries will continue and be built upon, or whether a future system will be based on emission reduction pledges by countries and therefore less centralised. This paper examines environmental and institutional implications of the use of tradable GHG units under different international accounting scenarios, and explores elements of common ground between scenarios…