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Climatic Change

, Volume 120, Issue 4, pp 845–857 | Cite as

Impact of the Doha outcome on surplus emission allowances and their effect on developed country emissions

  • Claudine M. Chen
  • Johannes Gütschow
  • Marion Vieweg
  • Kirsten Macey
  • Michiel Schaeffer
Article

Abstract

The outcome from the December 2012 climate negotiations in Doha has clarified the rules regarding surplus units for the Kyoto Protocol. We summarize these new rules and estimate the resulting effective emissions during the second commitment period using our unit trade model. Other options to deal with surplus emission allowances are employed as benchmarks to assess the Doha outcome. The effective emissions for developed countries as a group under the Doha outcome could be 10–11 % below 1990 levels or 4–5 % points below business-as-usual levels for the second commitment period if we assume that non-Kyoto Protocol countries domestically achieve their targets. However, if mechanisms exist where non-Kyoto Protocol countries can trade units, their emissions could increase and effective emissions for developed countries could be 7–8 % below 1990 levels. In this low-ambition situation we find the main impact of the Doha surplus rules to be the introduction of the historical cap on emissions allowances. Without the effect of the cap, the Doha outcome allows the Parties to the second commitment period to emit at business-as-usual levels until 2020, while still leaving surplus units at the end of the second commitment period.

Keywords

Emission Trading Scheme Emission Allowance Effective Emission Commitment Period Trade Group 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgements

We acknowledge and appreciate funding by the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (11_II_093_Global_A_SIDS_and_LDCs), and by the European Climate Foundation for the Climate Action Tracker.

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Copyright information

© Springer Science+Business Media Dordrecht 2013

Authors and Affiliations

  • Claudine M. Chen
    • 1
  • Johannes Gütschow
    • 1
  • Marion Vieweg
    • 2
  • Kirsten Macey
    • 2
  • Michiel Schaeffer
    • 2
    • 3
  1. 1.Potsdam Institute for Climate Impact Research (PIK)PotsdamGermany
  2. 2.Climate Analytics GmbHBerlinGermany
  3. 3.Environmental Systems Analysis GroupWageningen University and Research CentreWageningenThe Netherlands

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