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The report assesses Green Investment Schemes (GIS) as a hybrid carbon finance mechanism in Central and Eastern Europe (CEE) that combines the sale of Assigned Amount Units (AAUs) with domestic greening activities. It argues that GIS can address mitigation priorities that other mechanisms, such as Joint Implementation (JI) and the Clean Development Mechanism (CDM), have failed to deliver, particularly in building energy efficiency and small-scale bioenergy. The authors emphasize that because the window for these transactions closes in 2012, GIS should prioritize long-term, low-carbon infrastructure and high-additionality projects rather than lowest-cost measures. Key recommendations include adopting simplified monitoring and verification (M&V) processes, allowing post-2012 fund disbursement, and utilizing a programmatic approach to reduce transaction costs for small-scale investments.

The briefing addresses the intersection of the 2008 financial crisis and global climate response. It challenges the pessimistic view that economic instability will diminish political will for climate policy, arguing instead that the crisis demonstrates the danger of relying on unregulated markets. The authors assert that the transition to a sustainable economy requires massive global financing, international cooperation, and technology transfer, and that delaying action will lead to irreversible climate consequences far more severe than the current financial turmoil.

Friends of the Earth has released a report titled “Voices from Communities Affected by Climate Change,” documenting first-hand experiences of climate impacts from diverse groups including indigenous peoples and small-scale fisherfolk across multiple continents. The organization uses these testimonies to call for a roadmap toward a post-Kyoto agreement in 2012, emphasizing that wealthy nations must lead in reducing greenhouse gas emissions and financing adaptation for poorer communities. The document highlights the need for climate justice through a moratorium on fossil fuel extraction, the promotion of energy sovereignty, and the fulfillment of UNFCCC obligations for wealthy countries to fund adaptation in developing nations, which may require an additional $50–100 billion annually.

The report examines the Joint Implementation (JI) mechanism of the Kyoto Protocol, detailing its two operational tracks and comparing it to the Clean Development Mechanism (CDM). It highlights significant delays in implementation, particularly in Russia and Ukraine, and the restrictive impact of the EU Emissions Trading Scheme (EU ETS) on projects in Central and Eastern Europe. The document also analyzes the role of Green Investment Schemes (GIS) as an alternative to JI and concludes that the mechanism's late start and short crediting period (ending in 2012) threaten its overall viability unless post-2012 certainty is established.

The paper argues that international aviation and maritime emissions must be regulated as separate sectors to avoid emissions leakage and economic inefficiency. It proposes the implementation of global emissions trading or fee regimes, noting that such systems could generate significant revenue for climate mitigation and adaptation in developing countries. The author evaluates linking options, concluding that a unilateral link with the Clean Development Mechanism (CDM) is the most practical first step due to ease of implementation and allowance supply, while bilateral links (such as with the EU ETS) are more complex, requiring international treaties and scheme compatibility. The document also discusses the International Maritime Emission Reduction Scheme (IMERS) as a differentiated approach to shipping emissions.

The report examines the Southern African Customs Union (SACU)—comprising South Africa, Botswana, Namibia, Lesotho, and Swaziland—and its various trade agreements. It finds that most agreements focus almost exclusively on market access and economic growth, largely ignoring social and environmental pillars of sustainable development. The study highlights the critical role of the SACU Revenue Sharing Formula in supporting smaller member states and warns that rapid trade liberalization, particularly with the EU, US, and China, may lead to significant tariff revenue losses and job cuts in sensitive sectors like textiles. It recommends that SACU integrate sustainable development guidelines into negotiations, conduct impact assessments, and increase transparency and parliamentary oversight of trade deals.

The paper concludes that linking the EU ETS with a US scheme based on the Lieberman-Warner proposal is unlikely to be acceptable to the EU due to significant design differences. The Lieberman-Warner scheme is characterized as systematically less stringent, featuring weaker caps, lower auctioning levels, and extensive cost-containment measures. Such a link would likely result in the EU ceding control over its allowance prices and emissions implications to the US, while also undermining the EU's policy of excluding carbon sink credits.

The working paper by the Graz Group outlines strategies to enhance the environmental integrity and completeness of LULUCF accounting. It suggests moving toward 'fuller accounting' through activities-based, emissions/removals-based, or land-use-based approaches. Key recommendations include mandatory accounting for forest and peatland degradation, a 'restricted stock-change approach' for harvested wood products to prevent false credits, and policy-based methods for 'factoring out' natural disturbances. The authors argue that current Kyoto Protocol rules allow significant emissions from degradation to go uncounted, particularly in Annex I countries that did not elect Article 3.4.

The document defines embodied carbon as the CO2 emitted throughout a product's manufacturing process and discusses the tension between production-based and consumption-based accounting in climate agreements. It evaluates measurement tools like Life-Cycle Assessment (LCA) and ecological footprint analysis, noting significant data gaps and methodological challenges. The paper highlights how embodied carbon affects competitiveness and the potential for trade measures, such as border carbon adjustments, while questioning their compatibility with non-discrimination principles in multilateral trade law.

The document examines the dual role of intellectual property as both an incentive and a barrier to the transfer of climate-related technologies. It highlights the potential of TRIPS flexibilities—such as compulsory licensing and patentability exemptions—to facilitate technology access in developing countries. It also suggests exploring financial mechanisms and guidelines for publicly funded research within the UNFCCC framework to enhance the post-Kyoto climate regime.

The report examines the domestic contexts of Ukraine and Kazakhstan regarding clean energy investment. It identifies a shared legacy of high energy intensity and a common struggle with corruption, bureaucracy, and insufficient legal frameworks. While both countries possess significant renewable potential, they remain heavily reliant on conventional sources—Ukraine on nuclear and imported gas, and Kazakhstan on domestic coal and oil. The study highlights that the lack of market-based incentives, such as feed-in tariffs, and low electricity prices are primary obstacles to private investment. It also analyzes the role of the Kyoto Protocol's Joint Implementation (JI) mechanism as a potential financial driver, noting Ukraine's relative success in this area compared to Kazakhstan's delayed ratification process.

The report identifies that the creation of expiring units (tCERs and lCERs) and complex methodologies have severely diminished investment confidence in A/R CDM projects, leading developers to prefer voluntary markets. It recommends replacing expiring units with a risk-buffer system, simplifying methodologies, and potentially extending national accounting systems (Article 3.3) to non-Annex I countries to increase mitigation potential, which is estimated at 10,000 MtCO2 per year by 2030 in developing countries.

The report finds that CDM projects frequently underperform, with only 76% of forecasted CERs actually issued by June 2007. This underperformance is attributed to overestimations by consultants and validators, as well as implementation and monitoring difficulties. Waste projects are the worst performers, while N2O projects often exceed expectations. The study identifies additionality demonstration as the primary cause of project rejection, particularly for large-scale projects and cement blending activities in India and Brazil. Bilateral projects, especially those with European participants, show higher CER issuance rates than unilateral projects. The report also highlights deficiencies in stakeholder consultation and the lack of quantifiable indicators for sustainable development in host countries like China, India, and Brazil.

The document examines the dominance of gas pipeline refurbishment projects within Russia's JI portfolio under Track 2, specifically analyzing whether these projects are 'additional' or would have occurred due to economic incentives. It highlights the role of Gazprom's institutional control over distribution networks and the lack of historical leakage data, which complicates the establishment of accurate emission baselines.

The document examines the prevalence of gas pipeline refurbishment projects in Russia's Joint Implementation (JI) portfolio, which account for 53% of submitted projects. It analyzes the technical process of reducing methane leaks, the complex institutional structure of Russian gas distribution involving Gazprom and regional companies, and the debate over whether these projects are 'additional' or would have occurred due to economic incentives. The authors argue that while the projects are technically viable and potentially profitable, institutional barriers and a lack of historical leakage data complicate the verification of emission reductions.

The analysis of 23 Indian CDM projects reveals a consistent gap between optimistic initial forecasts and actual CER issuance, with an average reduction of 23.1% in forecasted CERs till 2012. The study finds that additionality argumentation is often poor, frequently lacking independent evidence and relying on unconvincing investment barriers. Furthermore, stakeholder consultation processes are often superficial, frequently conflating general regulatory permits with CDM-specific engagement, and the delivery of sustainability benefits remains largely unquantified and insufficiently monitored.

The document examines the Ukrainian Joint Implementation (JI) portfolio as of December 2007, which included 19 projects expected to reduce emissions by 49.8Mt of CO2e. Through three case studies—the Podilsky cement plant, the ISTIL steel mill, and the Zasyadko coal mine—the paper explores how these projects were financed, their lead-times (ranging from 2.5 to 5 years), and the specific institutional and technical hurdles they faced. It highlights that while the Ukrainian approval system is functional, the window for industrial JI projects is closing due to the post-2012 deadline of the first Kyoto commitment period.

The document examines the tensions between trade liberalization and climate goals, proposing that the EU integrate ambitious environmental standards into trade agreements and that WTO rules be subordinated to international climate agreements.

The document examines the tensions between trade liberalisation and climate mitigation, proposing that the EU and WTO shift from a market-access focus to one that prioritises environmental standards, technology transfer, and the principle of mutual supportiveness between trade and climate regimes.

The document examines how international trade contributes to climate change, primarily through transport emissions, and explores whether trade mechanisms can be repurposed to support sustainability. It discusses specific tools such as 'fair miles' labeling, the liberalization of environmental goods and services, and the implementation of energy efficiency technical standards. The text highlights a conflict between the EU's 'A Global Europe' strategy—which emphasizes market liberalization—and its climate commitments, arguing that intellectual property rights and trade barriers often hinder the transfer of clean technologies to developing nations. Furthermore, it analyzes the legal uncertainty within the WTO regarding carbon footprint labeling and border tax adjustments, calling for a 'mutual support' principle where trade rules are interpreted to facilitate, rather than obstruct, multilateral environmental agreements.