Establishing National Authorities for the CDM - A Guide for Developing Countries
The United Nations has provided a framework for an effective and equitable global response to this challenge—the 1992 Convention—and the first building block of that response, the 1997 Kyoto Protocol. Yet the emission reduction targets in the Protocol, modest as they are in environmental terms, have generated economic resistance in industrialized countries and, notably, the rejection of the Protocol by the U.S.
The withdrawal of the largest emitter will undoubtedly weaken the initial impact of the Protocol. But the Protocol is more than a first set of targets. It also a method for approaching the collective task of limiting emissions, a set of mechanisms largely and paradoxically "made in the USA." The possibility of acquiring emission reductions offshore is a main feature of these mechanisms. The period ahead is one in which these mechanisms will be tested and improved. Hopefully, the parallel system that may be developed by the United States will also encourage recourse to "Kyoto-type" mechanisms by American corporations, thus contributing to the stock of experience and boosting global market demand for offshore emission reductions.
You might also be interested in
Manitoba Builds Green
This report investigates the potential to scale up a deep energy retrofit industry in Manitoba to reduce greenhouse gas emissions, create good jobs, spur green industrial growth, and improve housing quality.
Compensation and Damages in Investor-State Dispute Settlement
This report provides policy reform options to address the growing issue of damages awards in investor-state dispute settlement (ISDS).
September 2024 | Carbon Minefields Oil and Gas Exploration Monitor
Last month, 11 oil and gas exploration licences were awarded across three countries. Among these countries, Australia awarded licences with the largest volume of embodied emissions.
Senegal's Big LNG Gamble
This report explores Senegal's nascent liquefied nitrogen gas (LNG) industry by assessing the impacts associated with a new fossil fuel-based industry on the country's environment, economy, and society. It does this by responding to three questions: What have been the impacts of the development of LNG on Senegal to date? Is it viable for Senegal to invest further into an industry that is projected to decline? What risks can Senegal expect should it forge ahead with its LNG development plans?