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Addressing the risk of double counting emission reductions under the UNFCCC
This research paper assesses the risks and mechanisms of double counting emission reductions within the UNFCCC framework. It identifies four primary types of double counting—double issuance, double claiming, double use, and double purpose—and evaluates current rules under the Kyoto Protocol and various voluntary schemes. The authors propose a comprehensive framework for a post-2020 climate regime, recommending a 'net flows' accounting approach, specific mechanism design principles to prevent double issuance, and the use of globally unique serial numbers for unit tracking.
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Document type: Research paper