2005 was a critical year for international cooperation on climate change, witnessing the entry into force of the Kyoto Protocol and the launch of the EU's emissions trading system for CO2. A new publication from the Energy Charter provides an update on developments in the EU's system, and discusses opportunities that climate change mitigation policies open up for countries across the Energy Charter constituency for investments in energy efficiency.
The report was developed in the Charter's Working Group on Energy Efficiency, and pays special attention to the implications for both EU and non-EU countries of the EU's 'Linking Directive'. This Directive allows EU member states to gain emission credits through the Kyoto Protocol's project-based mechanisms (Joint Implementation and the Clean Development Mechanism) by investing in emissions-saving projects in non-EU countries that have ratified the Protocol.
The publication "Energy Efficiency and Emissions Trading" is available in English and Russian.