Legal Aspects of Implementing the Kyoto Protocol Mechanisms: Making Kyoto Work

by David Freestone (Editor), Charlotte Streck (Editor)

Overview

The first protocol to the UN Framework Convention on Climate Change (UNFCCC) was adopted in Kyoto in 1997. It is a unique international law instrument which sets stringent, legally binding targets for the reduction of emissions of the "greenhouse gases". Drawing on the emerging body of expertise in this complex area, this book conveys a knowledge of what is becoming known as "Carbon Finance". It provides practical legal advice to public and private sector lawyers and to civil servants who work on the implementation of the Kyoto Protocol to the UN Framework Convention on Climate Change.

Product Details

ISBN-13:	9780199279616
Publisher:	Oxford University Press
Publication date:	04/07/2005
Pages:	696
Product dimensions:	9.30(w) x 6.20(h) x 1.80(d)

About the Author

Dr. David Freestone is Chief Counsel and Head of the Environmentally and Socially Sustainable Development (ESSD) and International Law Group in the Legal Vice Presidency at the World Bank in Washington, D.C.

Dr. Charlotte Streck is Counsel for International and Environmental Law with the World Bank in Washington, D.C.

Table of Contents

Introductiona. Introduction to the UN Framework Convention on Climate Change, the Kyoto Protocol and the Kyoto Mechanisms, David Freestoneb. Implications of Climate Change for Business, James CameronI. The Kyoto Flexible Mechanisms: General Issuesa. Legal Ownership and Nature of AAUs, ERUs, CERs, RMUs, Allowances and Verified ERs, Matthieu Wermaereb. Accounting for and Taxation of emission rights and credits, Robert Casamentoc. Public Participation in CDM and JI Projects, Natalie Eddyd. Kyoto Mechanisms and Trade Implications, Richard TarasowskyII. Article 6 of the Kyoto Protocol: Joint Implementationa. Joint Implementation: Requirements, Project Cycle, Charlotte Streckb. Institutional Requirements to Implement JI and EIT: Accounting for AAUs and Registries, Anthoney Hobleyc. First Track JI, EIT and 'Greening of AAUs': How could it work?, Franck Lecocq and Jari VayrynenIII. Article 12 of the Kyoto Protocol: Clean Development Mechanisma. CDM Project Cycle and Role of the UNFCCC Secretariat, Maria Netto and Kai Uwe Schmidtb. CDM: Concepts, Requirements, Project Cycle, Jake Werksman and Ernestine Meijerc. Institutions in CDM Countries: The development of national guidelines and establishment of Designated National Authorities, Charles Cormier and Robert O'Sullivand. Benefit Sharing in the CDM, Saleemul Huqe. Participation of Non-Parties in the CDM Projects, Martijn Wilder and David FreestoneIV. Carbon Sequestrationa. Forestry Projects in the Context of the UNFCCC, Charles DiLevab. Generation of Sequestration Credits under CDM, Ian Noble and Sebastian Scholzc. Forestry Projects: Good Practice and Examples, Benoit BosquetV. JI and CDM: Carbon Contractsa. Carbon Contracts, Structuring Transactions: Practical Experiences, Martijn Wilder and Mina Gulib. Carbon Contracts: CERUPT and ERUPT Contracts, Daniel Van der Weerdc. The Early Market: Experiences in Carbon Transactions in Hungary, Aniko Poganyd. CDM experiences: Carbon contracts and legal framework in India, Jaya Singhaniae. Carbon Contracts: Lessons Learned from the World Bank Experience, Charlotte Streckf. Dispute Settlement, Dane RatliffVI. Article 17 of the Kyoto Protocol: Emissions Tradinga. International Emissions Trading under Article 17 of the Kyoto Protocol, Rutger De Witt Wijnenb. The Emissions Trading Scheme of the European Union, Robert Dornauc. Implementing Emissions Trading in Germany, Simon Marrd. The UK Trading Scheme, Chris Dodwelle. Pollution Permit Trading in Chile, Marcela Mainf. Emissions Trading in Australia, Josh Carmodyg. Emission Trading in Canada, Markus Gehringh. Linking of Different Regimes, Juergen LefevereVII. Summary and Outlook, Charlotte Streck