Operationalization and Priority of Joint Implementation Projects

Intereconomics (Review of International Trade and Development), Vol. 32, No. 6, pp. 280-292, 1997

19 Pages Posted: 13 Jun 2002

See all articles by ZhongXiang Zhang

ZhongXiang Zhang

Tianjin University - Ma Yinchu School of Economics

Abstract

The inclusion of joint implementation (JI) in the United Nations Framework Convention on Climate Change as a climate policy instrument is deemed a breakthrough for international cooperation on climate actions. It may provide a good opportunity for cooperation between industrialized and developing countries. Through an analysis of the economic effects of carbon emission limits for China, this paper provides the economic rationale for the industrialized countries to invest in JI projects in developing countries like China, where the costs of abating greenhouse gas emissions are lower than trying to achieve an equivalent abatement within their own territories. Moreover, the paper addresses some operational issues of JI, consensus regarding which is a precondition for the wide implementation of JI. Furthermore, the paper discusses the potential areas for JI projects that may be in China's interest. This discussion underlines that taking due consideration of local objectives and local conditions in designing JI projects will enhance their possibility of success.

Keywords: Joint implementation, Carbon tax, China

JEL Classification: Q28, Q25, Q48, Q43

Suggested Citation

Zhang, ZhongXiang, Operationalization and Priority of Joint Implementation Projects. Intereconomics (Review of International Trade and Development), Vol. 32, No. 6, pp. 280-292, 1997. Available at SSRN: https://ssrn.com/abstract=313300 or http://dx.doi.org/10.2139/ssrn.313300

ZhongXiang Zhang (Contact Author)

Tianjin University - Ma Yinchu School of Economics ( email )

92 Weijin Road, Nankai District
Tianjin 300072
China
+86 22 87370560 (Phone)

HOME PAGE: http://ideas.repec.org/f/pzh243.html

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