Joint Implementation

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …

Connecting the dots: elements for a joined-up implementation of the 2030 Agenda and Paris Agreement

National-level implementation of the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change proceed on different tracks, despite growing recognition of the ample opportunities they present for synergies. In most countries, climate actions under the Nationally Determined Contributions (NDCs) and national targets underpinning the global Sustainable Development …

Establishing scaled-up crediting program baselines under the Paris Agreement : issues and options

This technical note offers guidance and identifies options for developing baselines for scaled-up crediting programs under the Paris Agreement. Establishing baselines is partly a technical, methodological challenge, but the biggest uncertainties arise from unresolved questions regarding international rules under Article 6 of the Paris Agreement, as well as how crediting …

Identity crisis? voluntary carbon crediting and the Paris Agreement

This Policy Brief outlines the “identity crisis” in which voluntary carbon standards find themselves after the adoption of the Paris Agreement. It describes how the new international legal framework threatens to undermine the legitimation and credibility of voluntary carbon standards and discusses first ideas how the arising challenges could be …

International market mechanisms after Paris

The Paris Agreement includes Article 6 with several provisions, which allow for the use of the international carbon market. In this paper, Cooperative Approaches (CA, Art. 6.2-3) and the Mechanism for Sustainable Development and Mitigation (MSDM, Art. 6.4-7) will be considered as the market mechanisms, which constitute the basis of …

Carbon Pricing Watch 2016

The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. A challenging international carbon market has not stopped the development of domestic carbon pricing initiatives. Today, about 40 national and over 20 sub-national jurisdictions responsible for almost one fourth of …

Demand for offsetting and insetting in the EU Emissions Trading System

International carbon offsetting can help reduce compliance costs in emissions trading schemes and at the same time support carbon mitigation projects in developing countries. A surprising observation from the European Union Emissions Trading System’s experience with offsetting is that companies do not fully utilise offsetting for compliance despite the cost …

Supporting energy pricing reform and carbon pricing policies through crediting

Some work has been done on regulatory policies (such as energy-efficiency standards, including under the Clean Development Mechanism [CDM] and with an aim to reforming the CDM beyond a project-level scope) both from the methodological side and through blueprinting of operational models. Similar approaches were developed for policies such as …

Assessment of net mitigation in the context of international greenhouse gas emissions control mechanisms

This paper discusses the scope for market mechanisms, already established for greenhouse gas mitigation in Annex 1 countries that ratified the Kyoto Protocol, for implementing "net mitigation," defined here as mitigation beyond Annex 1 countries' formal mitigation requirements under the Kyoto Protocol. Such market mechanisms could be useful for establishing …

Calculation of additional profits of sectors and firms from the EU ETS

This study has calculated the additional profits that sectors and companies have made from the EU ETS from 2008 to 2014, distinguishing between three types of profits: Profits from over allocation of free emission allowances. In many sectors/countries, free allowances have been granted in excess of verified emissions, allowing industries …

Clean development mechanism – an opportunity to mitigate carbon footprint from the energy sector of India

Clean development mechanism (CDM) was included in the Kyoto protocol to support sustainable development in developing countries through technology transfer from developed countries along with the mitigation of greenhouse gas emissions. More than 1000 projects which were registered under CDM from India in the United Nations Framework Convention on Climate …

Perverse effects of carbon markets on HFC-23 and SF6 abatement projects in Russia

Carbon markets are considered a key policy tool to achieve cost-effective climate mitigation1, 2. Project-based carbon market mechanisms allow private sector entities to earn tradable emissions reduction credits from mitigation projects. The environmental integrity of project-based mechanisms has been subject to controversial debate and extensive research1, 3, 4, 5, 6, …

Has Joint Implementation reduced GHG emissions?: lessons learned for the design of carbon market mechanisms

This study systematically evaluates the environmental integrity of Joint Implementation (JI) in the first commitment period of the Kyoto Protocol. Analysis indicates that about three-quarters of JI offsets are unlikely to represent additional emissions reductions. This suggests that the use of JI offsets may have enabled global GHG emissions to …

Overview of carbon offset programs: similarities and differences

This Technical Note provides a summary of the key elements and design features of 11 different carbon offset programs. It discusses the essential differences and similarities between programs, and discusses how these programs address key issues, such as: efficiency, environmental integrity, applicability, and transaction costs. It does not evaluate the …

Land transport’s contribution to a 2°C target

This paper provides key messages for climate change negotiators and policy makers on the potential contribution of the land transport sector to global climate change mitigation strategies. The report summarises key facts on the mitigation potential in the land transport sector for both passenger and freight, institutional and global governance …

State and trends of carbon pricing 2014

The share of greenhouse gas emissions covered by domestic carbon pricing initiatives increased significantly over the past year, led by the launch of six carbon markets in China. Today, 39 national and 23 sub-national jurisdictions – responsible for almost a quarter of the global greenhouse gas emissions – have implemented …

Mapping carbon pricing initiatives 2013: developments and prospects

The Mapping Carbon Pricing Initiatives report maps existing and emerging carbon pricing initiatives around the world. It does not provide a quantitative, transaction-based analysis of the international carbon market since current market conditions invalidate any attempt to undertake such an analysis. The development of national and subnational carbon pricing initiatives …

Market mechanisms - from CDM towards a global carbon market

The establishment of the Clean Development Mechanism has been one of the successes of the Kyoto Protocol. It has helped to build experience, capacity and comfort with the use of market mechanisms to reduce emissions. This will be useful when implementing future market mechanisms. This study looks into the principles …

Post-Durban climate policy architecture based on linkage of cap-and-trade systems

The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. This paper evaluate one important component …

The little data book on climate change 2011

The Little Data Book on Climate Change includes a diverse set of indicators selected from the global economic and scientific communities. These indicators recognize the intrinsic relationship between climate change and development and attempt to synthesize important aspects of current and projected climate conditions, exposure to climate impacts, resilience, greenhouse …

Indexing CDM distribution: leveling the playing field

The UNEP, under its Capacity Development for the Clean Development Mechanism (CD4CDM) project, has published a paper on the Clean Development Mechanism (CDM), which focuses on the equitable distribution of CDM projects. The paper, titled "Indexing CDM Distribution: Leveling the Playing Field," notes that the "established truth" is that Africa …

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