Publication

This paper discusses the role of the flexible project mechanisms, 'Clean Development Mechanism' (CDM) and "Joint Implementation" (JI), as a means for European countries to meet their Kyoto targets under the Burden Sharing Agreement. The authors hold that CDM and JI credits can additionally be used by installations to fulfill their obligations in the European emissions trading scheme. They give an overview of the different options to acquire those credits and the extent to which European governments and companies plan to make use of these options.