Programmatic Joint Implementation Mechanism: an Efficient Way to Mitigate Non-Concentrated CO2 Emissions in Europe?
Independent thesis Advanced level (degree of Master (Two Years)), 30 credits / 45 HE creditsStudent thesis
Many sectors of the European economy are out of the scope of any climate mitigation systems despite the fact that they emit significant amounts of non-concentrated greenhouse gas emissions. This is the case for agriculture, housing and transportation. At the same time, the Joint Implementation mechanism, one of the flexible mechanisms of the Kyoto Protocol, is compatible with theprogrammatic approach, which is well adapted to non-concentrated emissionsreduction as it allows wider flexibility in the replication of small-scale projects. Nevertheless, ambitious mitigating programs need a significant amount of investment and the risk for credit deliveries is often not coverable by a uniqueinvestor. Carbon funds seem to be a good solution to this issue since they raise asignificant amount of public and private capitals and share the risk among severalinvestors. A last barrier remains though. The regulation context is not yet welldefined for the post-2012 period thus preventing investments to increasesignificantly in joint implementation projects. This mechanism should be kept andimproved in the next phase to become an important tool to decarbonize theEuropean societies and reach the target for 2020.
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:kth:diva-47794OAI: oai:DiVA.org:kth-47794DiVA: diva2:456426
Subject / course
Energy and Climate Studies
Silveira, SemidaLegrand, Emmanuel