Institutional Mechanisms to Address the AAU Reserves in a Post-2012 Agreement

Russia, Ukraine, Poland, and some other countries will have large surpluses of Assigned Amount Units (AAUs) in the first commitment period of the Kyoto Protocol (2008-2012). This is likely to emerge as one of the central challenges during the post-2012 negotiations. This article proposes a mechanism for addressing the issue through an International AAU Reserve Fund that would facilitate acceptance of more stringent emission reduction commitments by the developed countries post-2012 based on the AAUs reserve accumulated pre-2012.

I. Introduction
II. AAU Surpluses May Lead to Deadlock in Copenhagen
III. An International Fund for AAU Reserves: Facilitating Additional Commitments Post-2012
IV. Impact on Environmental Integrity, Comparability of Efforts and Carbon Markets
V. Conclusion



Copyright: © Lexxion Verlagsgesellschaft mbH
Source: Issue 3/2009 (Oktober 2009)
Pages: 4
Price inc. VAT: € 41,65
Autor: Alexander Averchenkov
Dr. Alina Averchenkova

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