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Cooling Down Hot Air

Categorized Under: Climate



Published in Environmental Finance, May 2006, by Natalia Gorina of ICF International. This article considers how Russia and Ukraine could monetize their massive surpluses of Kyoto Protocol Assigned Amount Units (AAU). Surplus AAUs are quantified and their impact on the price of carbon is evaluated using ICF International's InCaP tool. Then, the benefits and current barriers for implementation of Green Investment Schemes in Russia and Ukraine are analyzed, as well as the option of converting some surplus AAUs into Joint Implementation Track 1 Emission Reduction Units.

Insight Details

Published: May 1, 2006
Author: Natalia Gorina
Source: Environmental Finance

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