Search Climate Insights Directory

This research paper evaluates the environmental integrity of nitric acid projects under the Clean Development Mechanism (CDM), specifically examining risks of carbon leakage and baseline emission manipulation. The authors conclude that while the CDM successfully fostered abatement in a sector that previously lacked such practices, the current methodologies are complex and lead to significant credit issuance delays. The paper recommends transitioning to a common benchmarking approach for baseline emissions to simplify the process and safeguard against leakage.

This research paper by the Stockholm Environment Institute evaluates the environmental integrity of Joint Implementation (JI) during the first commitment period of the Kyoto Protocol. The authors conclude that approximately three-quarters of JI offsets likely did not represent additional emissions reductions, potentially increasing global greenhouse gas emissions by 600 million tonnes of CO2 equivalent.