Abstract
The central question which this volume aims to address is whether JI, IET and CDM can be made compatible in order to optimally support the objectives of the FCCC in terms of environmental effectiveness, cost effectiveness and equity (see Chapter 1). The words “can be made compatible” suggest that the wording of the Kyoto Protocol is not regarded as inviolable, and that one purpose of the volume is to suggest ways, consistent with the broad thrust of the Protocol, in which it might be improved or interpreted so as to reduce anomalies and promote the objectives of the FCCC. It is noted that Art. 6.2 and 12.7 imply that the Protocol as it stands does not provide an adequate basis for proceeding with JI and CDM respectively, and that Article 20 provides a process for amending the Protocol.
The author is grateful to the Electricity Corporation of New Zealand for supporting the research that lies behind this chapter.
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© 1999 Springer Science+Business Media Dordrecht
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Read, P. (1999). The Kyoto Mechanisms and the Need for Commercialised Offsets Trading. In: Jepma, C.J., van der Gaast, W. (eds) On the Compatibility of Flexible Instruments. Environment & Policy, vol 19. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4687-6_12
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DOI: https://doi.org/10.1007/978-94-011-4687-6_12
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