Abstract

This paper discusses the key requirements related to certification of carbon offsets, under the joint implementation (JI) and Clean Development Mechanism (CDM) provisions of the Kyoto Protocol, as they relate to the development of energy efficiency projects in developing and transition countries.

The essential criteria for securing carbon offset credit include:

• Clear additionality compared to a credible baseline

• Reliable emission reduction potential

• Practicality of monitoring, verification and certification

• Equity and local-currency debt financing at reasonable interest rates

• Institutional capacity for host-country approval and other support Although the existence of these technical, institutional and financial issues regarding carbon offset projects are often treated as barriers to establishing the JI/CDM process, this paper demonstrates that these problems are soluble at reasonable cost using available methods.

Paper

Download this paper as pdf: Paper

Panels of

Panel 2: Dynamics of Consumption

Panel 1: Assessment of Energy Efficiency Policy

Panel 4: Sustainable Energy Use in Buildings

Panel 3: Mobility and Transport

Panel 5: Energy Efficiency Markets & Financing Mechanisms

Panel 6: Energy Efficiency Under Joint Implementation & The Clean Development Mechanism

Panel 7: Energy Efficiency in Transition Economies