Home | Databases | WorldLII | Search | Feedback Edited Legal Collections Data

de Cendra de Larragán, Javier --- "Linking the Project Based Mechanisms with the EU ETS; the Present State of Affairs and Challenges Ahead" [2006] ELECD 430; in Peeters, Marjan; Deketelaere, Kurt (eds), "EU Climate Change Policy" (Edward Elgar Publishing, 2006)

Book Title: EU Climate Change Policy

Editor(s): Peeters, Marjan; Deketelaere, Kurt

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781845426057

Section: Chapter 6

Section Title: Linking the Project Based Mechanisms with the EU ETS; the Present State of Affairs and Challenges Ahead

Author(s): de Cendra de Larragán, Javier

Number of pages: 27

Extract:

6. linking the project based mechanisms
with the EU Ets; the present state of
affairs and challenges ahead
Javier de Cendra de Larragán1

1. iNtroDUCtioN
the linking directive,2 an amendment to the Et Directive,3 creates the possibility
for companies covered under the European Union Emissions trading scheme
(EU Ets) to use the credits obtained through the project-based mechanisms of
the Kyoto Protocol for compliance along with EU allowances.4 this chapter
gives an analysis of this linking directive. First, a survey of the evolution of the
EU position on the acceptability of the so-called flexible mechanisms within
the Kyoto Protocol is given, to highlight the challenges present in the negotia-
tions leading to the linking directive, and to understand the challenges lying
ahead. then, a brief review of the European Climate Change Programme will
follow. the third part focuses on the analysis of the main provisions of the Di-
rective. to conclude, the main challenges are presented in summarized form.


2. tHE NEGotiatioNs oF tHE FlEXiBlE
mECHaNisms witHiN tHE UNFCCC From tHE
PErsPECtivE oF tHE EU
Upon ratification of the Kyoto Protocol, the 15 member states of the EU
adopted a commitment to reduce its (GHG) emissions by 8% in the period
2008­12 as compared with its emissions in 1990. the Kyoto Protocol (the Pro-
tocol) to the United Nations Framework Convention on Climate Change
(UNFCCC) lists a series of policies and measures (Pams), that parties can im-
plement in order to achieve their ...