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Domestic allocation of emission rights |
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In between the sharp lines of legally binding
targets for annex one countries and no targets for developing
countries there is the possibility of voluntary emission
targets. At some future point after the first commitment
period, larger developing countries may have, if not legally binding
targets, at least voluntary targets.
In addition,
sustainable development concerns might at some point dictate
that developing countries will assume policies of GHG
emissions reduction even in the absence of international
pressure to do so.
Whether a target is voluntary or
compulsory, it immediately implies that the specific country
needs to formulate at least a policy and perhaps legislation
in order to galvanise domestic polluters into
action.
This means that exactly the same
ethical/strategic concerns that arise internationally in
allocating pollution reduction duties will have to be carried
out on a domestic level (granfathering, per capita
allocations, auctioing of emissions rights etc) and further
that there may be domestic trading of emission rights in
addition to the international trading thereof.
This is
the end of the page dealing with CDM in the context of climate
change. For further information on CDM please return to the
menu at the top of the page.
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