Will Simplified Modalities and Procedures Make More Small-Scale Forestry Projects Viable Under the Clean Development Mechanism?

Simplified modalities and procedures (M&P) are expected to increase the viability of small-scale project activities under the Clean Development Mechanism (CDM). A small-scale afforestation or reforestation (AR) project is defined as a project removing less than 8 kilotons of carbon dioxide equivalent (CO₂e) per year. Depending on the project type and the method for measuring scale, 8 kilotons of CO₂e per year correspond to highly diverse areas, possibly ranging from 200 to 6000 ha. Using a model to calculate the minimum project scale above which the CDM is a positive financial incentive for eligible AR project activities, the paper analyzes whether a reduction of transaction costs under simplified M&P will be a sufficient incentive to motivate small-scale participation in the CDM. Model results show that, even under optimistic assumptions on carbon market conditions and transaction costs, small-scale project activities will not benefit from simplified M&P. Results also show that project activities removing more than 8 kilotons of CO₂e per year and registered as small-scale would be the ones that could benefit the most from simplified M&P. It is concluded that the participation of small-scale project activities to the CDM requires more than simplified M&P, the price of expiring Certified Emission Reductions being one of the most critical parameters.     

Linking Russia with the European and global greenhouse gas emissions trading markets: three paths for greening the Russian assigned amount under the Kyoto Protocol

This article examines possibilities for linkage between the European Union Emissions Trading System (EU ETS) and Russia, with a view to enhancing cooperation on a broader scale than the project-based approaches that have been tested thus far. Three paths for possible EU-Russia linkage are presented by which the Russian Assigned Amount under the Kyoto Protocol can be greened in order to stimulate emissions trading: 1. Joint implementation—reductions earned via individual projects in Russia; 2. Greened allowances or green investment schemes; and 3. Linked cap-and-trade systems, in which a Russian domestic emissions trading system would link with the European Union Emissions Trading System. The authors conclude that the third option, emissions trading through linked domestic emissions trading systems, offers the best opportunities at the lowest transaction costs. The authors discuss useful innovative instruments like call options and slip level arrangements on government-to-government and business-to-business levels.

The benefits of the Kyoto Protocol to developing countries

The Kyoto Protocol relies on incentive-based regulations layered underneath a global cap on net emissions of greenhouse gases. Within the Kyoto Protocol are opportunities and constraints for signatory nations. Of concern to developing nations are the constraints the Kyoto Protocol could place on future growth. We examine the constraints and the opportunities offered to developing countries within the Kyoto Protocol. By identifying the potential costs and benefits the Kyoto Protocol has to offer to developing countries and by examining the incentives each create, we hope to spark serious investigations into ways to minimize the potential costs of entering the Kyoto Protocol and take full advantage of the potential benefits.

保护臭氧层谈判中的美欧博弈

臭氧层损耗是重要的全球环境问题之一。最早认识到臭氧层危害的美国率先在国内立法控制相关物质,然而另一大经济体——欧共体,在这一方面却行动迟缓。在保护臭氧层的国际谈判中,美欧之间相互妥协,最终达成了对氟氯烃化合物(CFCs)进行限控的《蒙特利尔议定书》。美欧之间的分歧来自国内化工业巨头的影响,国际经济变动影响外交决策。国际环境问题背后隐藏的经济关系与大国的领导作用是影响国际环境合作的主要因素。     

A Report on the International Conference on Climate Policy after Marrakech: Towards Global Participation

The East-West Center convened the international conference on climate policy in Honolulu, Hawaii, on September 4–6, 2003. Sponsored by the Dutch Ministry of Housing, Spatial Planning and the Environment, the Japanese Ministry of the Environment, Industrial Technology Research Institute (Taiwan), and Institute for Global Environmental Strategies (Japan), this major event covered almost every important issue and featured perspectives from the most important parties and stakeholders in formulating and implementing climate policies and taking international climate negotiations further. It brought together a remarkable cross-section of world opinion on climate policy after Kyoto. This report provides a summary of each presentation and highlights discussions organized under the following six session headings: Session 1: Climate Change in Focus – From Science to Policy; Session 2: U.S. Climate Policy and Perspectives; Session 3: European Union Climate Policy and Perspectives; Session 4: Challenges for other Major Industrialized Countries; Session 5: Issues Related to Developing Countries; and Session 6: Panel Discussions: Where Do We Go from Here?.     

Why a 100-Year Time Horizon should be used for GlobalWarming Mitigation Calculations

Global warming mitigation calculationsrequire consistent procedures for handlingtime in order to compare `permanent' gainsfrom energy-sector mitigation options with`impermanent' gains from many forest-sectoroptions. A critical part of carbonaccounting methodologies such as thosebased on `ton-years' (the product of thenumber of tons of carbon times the numberof years that each ton is held out of theatmosphere) is definition of a timehorizon, or the time period over whichcarbon impacts and benefits are considered. Here a case is made for using a timehorizon of 100 years. This choice avoidsdistortions created by much longer timehorizons that would lead to decisionsinconsistent with societal behavior inother spheres; it also avoids a rapidincrease in the implied value of time ifhorizons shorter than 100 years are used.Selection of a time horizon affectsdecisions on financial mechanisms andcarbon credit. Simple adaptations canallow a time horizon to be specified andused to calculate mitigation benefits andat the same time reserve a given percentageof weight in decision making forgenerations beyond the end of the timehorizon. The choice of a time horizon willheavily influence whether mitigationoptions such as avoided deforestation areconsidered viable.     

Prospects for mitigating carbon,conserving biodiversity,and promoting socioeconomic development objectives through the clean development mechanism

Should forest-based climate mitigationmeasures be approved for crediting through the CleanDevelopment Mechanism (CDM), they could offer anopportunity to accomplish three important objectives:cost-effective reductions in carbon emissions andsequestration of atmospheric carbon; conservation andrestoration of forests and their biological diversity;and, the assistance of host countries and communitiesin their socioeconomic development. However,prospective investors in CDM projects, host countriesand other CDM `stakeholders' might be expected toplace widely different priorities on achieving theseobjectives. This paper describes several factors thatwill affect investor interest in CDM projects, thecharacteristics of forest-based CDM projects that willattract investments, and an approach to identifyingprojects that meet the key objectives of multiplestakeholders. This approach entails identifyingsites, such as degraded watersheds, where CDMfinancing for forest conservation and restoration cangenerate readily monetizable local and regionalsocioeconomic benefits, while mitigating carbonemissions in forests with importance for conservingbiodiversity.     

消耗臭氧层物质(ODS)管理研究

自从人类发现南极上空臭氧层空洞以来,国际社会和各国政府为保护臭氧层,加速淘汰消耗臭氧层物质(简称ODS)做了不懈努力.自1989年《蒙特利尔议定书》生效至今,已经召开了25次缔约方大会,超过191个国家和地区加入了该议定书.中国于1991年加入该议定书后,积极履约,进行了大量关于ODS淘汰工作,当前还在进行加强地方消耗臭氧层物质淘汰履约能力建设二期项目工作,加快提升中国的ODS物质淘汰工作进度.     

国际碳减排活动中的利益博弈和中国策略的思考

博弈论能够解释许多经济活动和国际关系中出现的现象和问题。利用博弈论的相关理论。对《京都议定书》各利益集团之间的利益争斗进行了分析。指出各利益集团之间斗争的内在原因。并对中国在新一轮谈判中的策略提出了一些建议：由于《京都议定书》生效,而美国仍拒绝批准《京都议定书》。并同时抛出自己的减排方案。这必然会引起新一轮的减排博弈。面对美国等一些国家施加的压力,中国在这场新的博弈中要有所准备。提出具有建设性的建议和意见。既要维护中国和大多数发展中国家的利益。又要有助于减排。     

The Application of A Tiered Testing Approach to the Management of Dredged Sediments for Disposal at Sea in Canada

Canada, and other signatories to the London Convention 1972 on the prevention of marine pollution by dumping, are preparing to ratify a 1996 Protocol to this convention. Among the improvements to this international agreement, is a new process for the Assessment of Waste and Other Matter, which is to be adopted by signatory parties. the process includes a step in which material considered potentially acceptable for sea disposal must be characterized by chemical, physical and biological properties. Canada's interpretation and intended implementation of this characterization step is presented for the assessment of dredged sediments. This tiered testing approach involves using chemical screening limits for contaminants, and biological testing when screening levels are exceeded. Dredged material containing specified substances (e.g., cadmium, mercury, PAHs, PCBs, etc.) below or at screening levels would generally be considered of little environmental concern for disposal at sea. Wastes above the screening levels would require more detailed assessment before their suitability for disposal at sea could be determined.