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Evaluation of liability provisions for the Kyoto Mechanisms

A number of liability provisions for international emissions trading and joint implementation has been proposed. Their aim is to deter overselling of rights to additional emissions by Annex I Parties whose actual emissions are lower than their commitments.

The purpose of the study is to develop a simple model to compare different liability proposals in terms of their ability to bring the Kyoto Protocol into compliance, including expected levels of cost.

The study, financed by EPRI, was developed by Margaree Consultants. UCCEE assisted in modeling the liability options under analysis.

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May 26, 2000