Bonn 2007: Russian Proposals, Policy CDM, and ‘CER Put Options’ (CERPOs)

This opinion piece by Dr Benito Müller argues that probably the only way of reprieving the Russian Convention track proposal is by way of a generalised version of the Clean Development Mechanism (CDM), allowing for sectoral, programmatic, or generally policy based emission reduction activities in developing countries (‘policy CDM’), together with ‘CER Put Options’ issued by Annex II Parties in order to limit the carbon investment risk of such policy CDM activities for the developing country host Parties (in accordance with UNFCCC Article 4.1)

By: Benito Müller

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