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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/4670 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/4670 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/4670 archive 351 disk0/00/00/62/02 2016-01-15 02:12:37 2021-08-27 17:17:14 2016-01-15 02:12:37 monograph show 2 Obersteiner M. 7255 0000-0001-6981-2769 Ermoliev Y.M. 1445 Gluck M. 7426 Jonas M. 1351 0000-0003-1269-4145 Nilsson S. 1357 Shvidenko A. 1487 pub iis_env iis_for iis_mod prog_for In its current form the Kyoto Protocol does not consider the issue of uncertainty in the process of mutual recognition of emission reductions between Parties. We argue that lack of appropriate institutions that police emission reporting will lead to a disintegration of the carbon market due to competition induced quality deterioration of reporting. The introduction of a verification clause in the Protocols rules would be a first step towards avoiding disintegrative tendencies and carry the potential of improving the Protocols effectiveness. Building on a physical approach of verification times we derive an economic model of optimal emission and uncertainty reduction to reach a verifiable emission target. In such a set-up, depending on its competitive advantage, a Party can choose to reduce emissions and/or the associated uncertainties or trade verified certificates. Thus, the proposed model is intended to help prioritize efforts to reach verifiable emission reductions with least costs within a Kyoto type framework. 2000-07 published IR-00-043 IR-00-043 219 338 1285 138 217 281 public interim_report IIASA, Laxenburg, Austria 24 FALSE info:eu-repo/semantics/book