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THE COMPLIANCE FUND
The report proposes the creation of a 'Compliance Fund' to allow Annex I Parties under the Kyoto Protocol to avoid non-compliance by paying fees for GHG mitigation credits when market options are unavailable. It advocates for this fund over 'borrowing' from future periods and suggests a 'Compliance Assessment' system, enforceable through domestic courts via a 'Recognition Agreement,' to penalize and remedy willful non-compliance.
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Document type: Report
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