» Flexible Mechanisms of the Kyoto Protocol
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Kyoto mEchanisms Expert Network
(KEEN)
The Kyoto mEchanisms Expert Network is a network of experts in the area of
Kyoto Mechanisms set up in partnership by Ecofys research and consulting
(The Netherlands), the Hamburg Institute for International Economics
(Germany), the Royal Institute of International Affairs (UK) and the
University of Pavia (Italy). The network is funded by the European
Commission.
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Greenhouse Gas Inventory Experts
Network
A global forum to access and exchange information in the area of
greenhouse gas emission inventories. The objectives of this network are to
provide technical assistance to developing countries for the preparation of
GHG inventories, and to build a larger and more capable community of
inventory practitioners.
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Kyoto Mechanisms
Activities related to Joint Implementation (JI), Clean Development
Mechanism (CDM) and International Emissions Trading (IET) of the Institute
for Economy and the Environment (IEE-HSG) at the University of St. Gallen
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Royal Institute of International Affairs: Quantifying Kyoto

This project aims to integrate expertise on the various forms of
flexibility in the Kyoto Protocol.
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EU and Flexible Mechanisms
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Annex I Expert Group on the UNFCCC
The Annex I Expert Group is an ad hoc group of government officials from
Environment, Energy and Foreign Affairs ministries from countries that are
listed in Annex I to the UNFCCC. The Annex I Expert Group is not a
negotiating forum, but its work includes policy analysis, advising on
options to advance the Kyoto Mechanisms.
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TFS Green
TFS is one of the largest and most successful energy brokers in the World
and is part of the Tradition Group, which employs over 2,200 people
worldwide. Founded in 1985, TFS has built-up a global business in the
power, gas, coal, weather and oil markets and since 2001 has been prominent
in the renewable energy and emissions markets in Europe, the US and Asia
Pacific. In 2005 TFS began building a presence in Clean Development
Mechanism (CDM), Joint Implementation (JI) and Voluntary Emissions
Reductions/ (VER) which has led to a global team of 12 brokers now
specializing in these, the newest of the environmental markets.
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Flexible Mechanisms for
Climate Protection - A Manual for Companies (D)
The aim of the manual is to inform companies in detail on emissions
trading (ET), Joint Implementation (JI) and the Clean Development Mechanism
(CDM). The manual gives detailed descriptions of the mechanisms as well as
step-by-step instructions for their implementation. The reader is
introduced to the process of quantifying CO2 emissions and identifying
reduction options. Using diagrams and decision trees to complement the
instructions the reader is then taken through the evaluation of these
options. At present the manual is being updated to incorporate the latest
developments from COP 7 (Marrakesh-Accords ).
Emissions Trading (ET/IET)
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Bundesverband Emissionshandel und Klimaschutz
(BVEK)
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CO2 Handel.de
German Onlineportal providing up-to-date information about emissions
trading and climate change issues
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Fichtner platform on climate
change
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FICHTNER Plattform
für Emissionshandel
Emissions Trading Portal (in German)
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EU and
Emissions Trading
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National
allocation plans (NAP)
One of the core tasks in the run-up to the implementation of the
EU-wide greenhouse gas allowance trading scheme is the elaboration of
national allocation plans by Member States.
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The EU
Emissions Trading Directive: Opportunities and Potential Pitfalls

Regardless of outcome, the EU trading system will be influential in future
international efforts to reduce greenhouse gases, concludes this discussion
paper of Resources for the Future.
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International Carbon
Action Partnership (ICAP)
On October 29, 2007, leaders of more than 15 governments met in Lisbon,
Portugal to launch the establishment of the International Carbon Action
Partnership (ICAP). ICAP is made up of countries and regions that have
implemented or are actively pursuing the implementation of carbon markets
through mandatory cap and trade systems. The partnership provides a forum
to share experiences and knowledge. Sharing and evaluating best practices
will help ICAP members determine the extent to which their respective
programs can be supported by, and or benefit from, the ICAP process.
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UNCTAD Site
UNCTAD's work on Greenhouse Gas Emissions Trading started in 1991. The
goal of the project is to help foster the development of an integrated
global emissions trading system in which all countries would participate
based on the accepted principle of common but differentiated
responsibilities.
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IEA-Papers
on Emissions Trading and CDM
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newvalues
New Values facilitates carbon emission rights trading by offering a
user-friendly and reliable online trading platform. As part of the Climex
Alliance, New Values provides cleared pan-European EUA Spot Trading. New
Values also stimulates the CDM market by organising regular CER Auctions.
The New Values Community is a central resource for the entire industry to
keep informed and share ideas on everything related to emission trading.
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emissierechten.nl
de website over emissie-handel (NL)
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CantorCO2e
CantorCO2e serves all of the world’s principal emissions markets,
including the Kyoto markets (CDM, JI and European emissions trading), the
USA compliance markets, and the voluntary carbon market. CantorCO2e is a
leading global provider of financial services to the world’s
environmental and energy markets, offering finance, advice, technology and
transaction services to clients engaged in using energy and managing
emissions across the world. We are headquartered in London and San
Francisco, and have fourteen offices across five continents.
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CARBONSIM
CARBONSIM is one of the world's leading developers of greenhouse gas
emissions trading platforms, simulations and software. The CARBONSIM
trading platform and software is the most sophisticated internet based
greenhouse gas emissions trading platform available on the market today.
The trading platform and software incorporates virtual markets in CO2,
electricity, renewable energy, coal, gas and oil and may be tailored to
incorporate multi-country scenarios.
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Climate Care
Climate Care was formed in 1998 to help individuals and organisations
reduce their own impact on global warming. Climate Care Trust is a company
limited by guarantee and sells carbon offsets on the one hand while funding
and managing projects on the other. The Trust does not have shareholders as
its primary aim is to reduce the amount of CO2 in the atmosphere.
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Australasian Emissions Trading Forum
(AETF)
The Australasian Emissions Trading Forum was originally founded in 1998
under the auspices of the Sydney Futures Exchange (SFE). The AETF is an
information service supported by a range of Australian private and public
agencies to provide information and foster debate on emissions trading and
greenhouse policy developments.
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EcoCarbon
The aim of EcoCarbon is to provide industry-based education and training
with respect to the Kyoto Flexibility Mechanisms, namely, emissions
trading, Clean Development Mechanism and Joint Implementation. EcoCarbon
activities will build industry capacity to respond effectively to the
uncertainties surrounding greenhouse response, how these may affect the
wider business community, and where the opportunities may lie with possible
solutions.
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Environmental Markets
Association (EMA)
he Environmental Markets Association (EMA) is an international nonprofit
trade association dedicated to promoting market-based trading solutions for
environmental management industry professionals. The EMA has spent the past
ten years educating environmental professionals on emissions trading and
risk management while creating insightful networking opportunities with
industry experts. The EMA also has developed an internet-based seminar
series addressing industry hot topics. Today the EMA’s membership
consists of more than 200 individuals from over 100 companies worldwide
including academics, brokers, consultants, government agencies, non-profit
groups, and large utilities. The EMA is committed to educating individuals
in supporting market-based solutions.
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Natsource
As a leading over-the-counter broker of energy products, Natsource is
uniquely positioned to help companies deal with and take advantage of
uncertainty in the energy field. The environmental division of Natsource
participates in all major environmental credit markets. These include the
nationwide SO2 emission allowance market, NOx emission allowance market
under the Ozone Transport Commission Budget Rule in the northeastern
states, regional new source offset markets for NOx, VOC, CO, PM, ROG
emission reduction credits, and the emerging greenhouse gas (GHG) reduction
credit markets.
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International Emissions Trading Association
(IETA)
IETA is an independent, non-profit organisation dedicated to the
establishment of effective systems for trading in greenhouse gas emissions
by businesses. IETA is committed to securing the development of
market-based trading systems that are demonstrably fair, open, efficient,
accountable and consistent across national boundaries. Membership of IETA
is open to all companies, business organisations and affiliated national
and regional trading associations around the world that have an interest in
securing and promoting the effective operation of greenhouse gas emissions
trading at national, regional and/or international level.
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International Carbon Bank and Exchange
(ICBE)
The International Carbon Bank and Exchange is the result of 9 years of
research and activities into offsetting greenhouse gases produced as a
result of forest loss and fossil fuel combustion. We concluded that
lowering the concentration of carbon dioxide in the earth’s
atmosphere is feasible, beneficial to life on earth, and profitable for
those who manage the transition. At the ICBE you can earn Emission
Reduction Credits from RE production, apply for RE product finance and make
investments in the Renewable Energy Fund
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The Edinburgh Centre for Carbon
Management
The Edinburgh Centre for Carbon Management was founded in October 1998 by
environmental professionals from the University of Edinburgh and other
environmental companies. It is an independent consulting company that
provides specialist expertise relating to climate change mitigation
strategies and policies to businesses, governments and civil organisations.
One of ECCM's main areas of policy related research is currently the
relationship between rural livelihoods in developing countries and carbon
management in forestry.
Joint Implementation (JI)
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JI section of the UNFCCC web site
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Foundation Joint Implementation Network
(JIN)
JIN was established in 1994 with the aim to create an international
network for research activities and information exchange about climate
change policy issues, in particular project-based emissions trading. Over
the years JIN has broadened its field of expertise to other issues such as
climate change policy, development aid, technology transfer and energy
market liberalisation. Overall the Foundation JIN mission is to carry out
international economic research in a broad sense, both for the public and
the private sector. Keywords to characterise JIN's research activities are:
scientific, independent, and small-scale/high-level.
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Joint Implementation Quarterly
(JIQ) The Joint Implementation Quarterly provides background
information and discussions about the latest developments in the field
of greenhouse gas emissions trading, both quota-based and project-based
emissions trading. The main focus has been on the flexibility
mechanisms of the Kyoto Protocol, the Clean Development Mechanism (CDM)
and Joint Implementation (JI), and on the EU Emissions Trading Scheme.
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JI Rulebook
JI Rulebook is a online guide to the JI rules, practice and procedures.
The Rulebook presents in an easy-to-use format all COP, COP/MOP and Joint
Implementation Supervisory Committee decisions relating to:
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JI project development stages for Track I and Track II (project design,
determination, monitoring, verification, issuance and distribution of
ERUs);
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different types of JI projects (standard, small-scale and afforestation
and reforestation project activities); and
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players in JI projects (project participants, Accredited Independent
Entities, Designated Focal Point, Parties involved, the Joint
Implementation Supervisory Committee etc.).
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Carboncredits.nl
Carboncredits.nl buys emission reduction for the Dutch government, via
Joint Implementation (JI) and Clean Development Mechanism (CDM).
Clean Development Mechanism (CDM)
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UNFCCC site on CDM
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The Clean Development Mechanism: A Primer
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UNEP Risoe CDM/JI Pipeline Analysis
and Database
The CDM/JI Pipeline Analysis and Database contains all CDM/JI projects
that have been sent for validation/determination. It also contains the
baseline & monitoring methodologies, a list of DOE’s and several
analyses. Almost all information is from cdm.unfccc.int and ji.unfccc.int.
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UNFCCC CDM Bazaar
The UNFCCC CDM Bazaar is a Web-based facility which serves as a platform
for exchange of information on Clean Development Mechanism (CDM) project
opportunities.
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IGES CDM
Programme
The Clean Development Mechanism (CDM) Programme conducts training and
other activities in support of CDM in developing countries in Asia. The
programme disseminates information, contributes to the establishment of
networks in Japan and the target countries, and builds capacity to
initiate, develop and implement CDM projects.
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CDM in
Charts
"CDM in Charts" is a booklet with a good reputation for providing a
plain and easy-to-understand description of the Clean Development
Mechanism (CDM).
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CDM Project
Database
IGES CDM Project Database is aimed at providing comprehensive,
organised information on the CDM projects in an easy-to-understand way.
The database helps users search for specific information on each
registered project more easily and it also enables them to use relevant
information for their own analytical purposes. All information is
extracted from the publicly available sources on the UNFCCC web-site
and this database will be updated regularly.
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CDM Rulebook
The CDM Rulebook is a database of all sources of law for the CDM,
including Article 12 of the Kyoto Protocol and decisions of the COP, the
COP/MOP and the Executive Board.
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Capacity Development for CDM
(CD4CDM)
With the international framework for the CDM presently under development,
many complex legal, financial and technical issues still require further
discussion. Under these circumstances, most developing countries with
limited institutional capacity will face a significant challenge in taking
a pro-active approach to participate as equal and reliable partners in CDM
when it becomes operational. Reflecting the needs of developing countries,
UNEP is implementing a 4-year project on Capacity Development for the CDM
with funding from the government of the Netherlands
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CDM-Connect
The CDM Portal aims to result in real learning by doing CDM projects that
will continue to deepening understanding, demonstrating results and
providing evidence to fuel further success. CDM-Connect is a targeted
online community for people working in the environmental sector and in
particular those that have an interest in the Clean Development Mechanism
(CDM).
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Network of CDM
Centres of Excellence
The aim of this project is to kick-start the development and establishment
of Centres of Excellence in developing countries for the Clean Development
Mechanism (CDM). Initially, the project will establish two CDM Centres of
Excellence, one in India and one in South Africa.
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CDM Watch
CDM Watch is a non-profit organisation that seeks to monitor Clean
Development Mechanism (CDM) projects and provide a clearinghouse for
information on CDM projects and CDM related issues and developments. We are
based in Bali Indonesia.
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The
International Working Group (IWG) on the Clean Development Mechanism
(CDM)
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Carbon Finance
Africa
Carbon Finance Africa is a website which aims to facilitate and stimulate
the carbon sector in Africa. It does this through an innovative matchmaking
facility which assists project developers in finding financial partners and
their counterparts in sourcing carbon projects in Africa.
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Certified Emission Reductions Sale and
Purchase Agreement (CERSPA)
The CERSPA initiative aims at elaborating and maintaining (through regular
updates) a simple and balanced carbon contract template (and an
comprehensive explanatory Guidance Document) to assist CDM project
developers in fully understanding the terms and conditions under which they
sell their CERs.
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SV Carbon
SV Carbon was formed to assist clients in harvesting the benefits of the
Clean Development Mechanism (CDM). The CDM gives unique possibilities to
generate an extra income stream from the sale of Certified Emission
Reductions (CER) from environmental friendly projects.
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Prototype Carbon Fund
(PCF)
The World Bank's Prototype Carbon Fund (PCF) will pilot production of
emission reductions within the framework of Joint Implementation (JI) and
the Clean Development Mechanism (CDM). The PCF will invest contributions
made by companies and governments in projects designed to produce emission
reductions fully consistent with the Kyoto Protocol and the emerging
framework for JI and the CDM.
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World Resources Institute
CDM-Site
The Clean Development Mechanism (CDM) was created as part of the Kyoto
Protocol to lower the overall cost of reducing greenhouse gas (GHG)
emissions released to the atmosphere, and to support sustainable
development initiatives within developing countries. These twin objectives
reflect the need to coordinate action between differently positioned
developed and developing countries, which nevertheless share a common aim
of reducing the buildup of GHGs.
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Designing the Clean
Development Mechanism to meet the needs of a broad range of
interests
This WRI Note compares the advantages and disadvantages of each of the
proposed CDM implementation models. The authors find that different
models, often refered to as bilateral, multilateral, and unilateral
approaches, each have strong attributes which can, and should, coexist
under what the report dubs an "open architecture." An open architecture
allows different designs to complement one another, enabling the CDM to
deliver a broader set of climate and sustainable development benefits.
This approach reconciles the apparently conflicting visions of the CDM
and could help forge a consensus in the climate talks.
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Climate
Strategies CDM-Site
Climate Strategies is a not-for-profit company established by a European
group of climate change policy researchers, with the mission to assist
governments in solving the collective action problem of climate change.
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CDMCapacity.org
This website provides information to forestry and land use audiences,
principally in developing countries, who want to find out more about the
CDM and how it affects their activities.
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Determining Baselines and
Additionality for CDM/JI Projects
UNIDO has initiated a study entitled "Guidelines to Support
Decision-making on Baseline-setting and Additionality Assessment for
Industrial Projects". The objective of the study is to provide a foundation
for the development of a methodological tool that supports the analysis of
data and information when setting emissions baselines for CDM/JI industrial
projects. Using AIJ projects as examples, the study develops a series of
algorithms for baseline assessment using the "sub-system disaggregation"
approach. This is an innovative approach to setting and one that has not
thus far been discussed in the literature on baselines.
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The CDM maze: the way
out
The Kyoto Protocol and further discussions at various international forums
have outlined the broad criteria for implementation of the CDM (clean
development mechanism). This TERI publication highlights some of the major
operational issues and provides guidelines to evaluate CDM projects. Four
case studies covering different project types and sectors suggest the way
out.
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The Clean Development
Mechanism: issues and modalities
This TERI paper analyses issues related to the Clean Development Mechanism
(CDM), particularly from the perspective of a developing country, and
suggests a possible structure for CDM.
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EU trade in CO2 emissions: 2005 launch deadline at risk
A report of the Deutsche Bank Research