Assigned amount unit explained

An assigned amount unit was a tradable "Kyoto unit" or "carbon credit" representing an allowance to emit greenhouse gases comprising "one metric tonne of carbon dioxide equivalent, calculated using global warming potentials".[1] [2] Assigned amount units were issued up to the level of initial "assigned amount" of an Annex 1 Party to the Kyoto Protocol.[3] [4]

The "assigned amounts" were the Kyoto Protocol Annex B emission targets (or "quantified emission limitation and reduction objectives") expressed as levels of allowed emissions over the 2008–2012 commitment period.[5]

Application

Article 17 of the Kyoto Protocol allowed emissions trading between Annex B Parties (countries). Parties that had "assigned amount units" to spare because of reductions in emissions below their Kyoto commitment set out in Article 3 and Annex B could sell those units to countries that had emissions exceeding their targets.[6] Article 17 also required that any such emissions trading must be supplemental to domestic action for the purpose of meeting quantified emission limitation and reduction commitments.

See also

References

  1. Web site: Assigned Amount Unit (AAU). CDM Rulebook A-Z. Baker & McKenzie. 2010-07-27. https://web.archive.org/web/20100908001935/http://cdmrulebook.org/695. 8 September 2010. dead.
  2. Book: IPCC Third Assessment Report - Climate Change 2001 . Appendix II Glossary . Working Group III: Mitigation . IPCC . 2001 . Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA . 2010-09-12 . https://web.archive.org/web/20120111160644/http://www.grida.no/publications/other/ipcc_tar/?src=%2Fclimate%2Fipcc_tar%2Fwg3%2F454.htm . 2012-01-11 . dead .
  3. Web site: Kyoto Protocol Reference Manual On Accounting of Emissions and Assigned Amount . United Nations Framework Convention on Climate Change . 2010-04-07 . November 2008 . https://web.archive.org/web/20100429230813/http://unfccc.int/resource/docs/publications/08_unfccc_kp_ref_manual.pdf. 29 April 2010 . live.
  4. Web site: Glossary of climate change acronyms . United Nations Framework Convention on Climate Change . 2010-04-07 . https://web.archive.org/web/20100429220912/http://unfccc.int/essential_background/glossary/items/3666.php. 29 April 2010 . live.
  5. Web site: Kyoto Protocol Targets. United Nations Framework Convention on Climate Change . 2010-04-07 . https://web.archive.org/web/20100417172443/http://unfccc.int/kyoto_protocol/items/3145.php. 17 April 2010 . live.
  6. Web site: Emissions Trading . United Nations Framework Convention on Climate Change . 2010-04-07 . https://web.archive.org/web/20100429214119/http://unfccc.int/kyoto_protocol/mechanisms/emissions_trading/items/2731.php. 29 April 2010 . live.

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