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Operationalization and priority of joint implementation projects

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  • ZhongXiang Zhang

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 industrial¬ized 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 implementa¬tion 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.
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Suggested Citation

  • ZhongXiang Zhang, 1997. "Operationalization and priority of joint implementation projects," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 32(6), pages 280-292, November.
    • Handle: RePEc:spr:intere:v:32:y:1997:i:6:p:280-292
    DOI: 10.1007/BF02928261
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    1. ZhongXiang Zhang, 1998. "The Economics of Energy Policy in China," Books, Edward Elgar Publishing, number 1291.
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    Cited by:

    1. Zhang, ZhongXiang, 1999. "The role of China in combating global climate change," MPRA Paper 13172, University Library of Munich, Germany.
    2. Zhang, Zhong Xiang, 2001. "Why has the energy intensity fallen in China's industrial sector in the 1990s?: the relative importance of structural change and intensity change," CDS Research Reports 200111, University of Groningen, Centre for Development Studies (CDS).
    3. Zhang, Zhongxiang, 2000. "Decoupling China's Carbon Emissions Increase from Economic Growth: An Economic Analysis and Policy Implications," World Development, Elsevier, vol. 28(4), pages 739-752, April.
    4. Zhang, ZhongXiang, 1998. "Joint implementation: sacrifices or opportunities for China?," MPRA Paper 13150, University Library of Munich, Germany.
    5. Zhang, ZhongXiang, 1998. "Is China taking actions to limit its greenhouse gas emissions? past evidence and future prospects," MPRA Paper 13054, University Library of Munich, Germany.
    6. Zhang, ZhongXiang, 1998. "Greenhouse gas emissions trading and the world trading system," MPRA Paper 12971, University Library of Munich, Germany.
    7. Zhang, ZhongXiang, 2000. "Can China afford to commit itself an emissions cap? An economic and political analysis," Energy Economics, Elsevier, vol. 22(6), pages 587-614, December.
    8. repec:dgr:rugcds:200111 is not listed on IDEAS

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    More about this item

    JEL classification:

    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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