Hot topic: AAU surplus. Political implications of the long-term effect of surplus from the first and second Kyoto period

Hot topic: AAU surplus. Political implications of the long-term effect of surplus from the first and second Kyoto period
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hot_topic_aau_surplus_2012.pdf

Date Published 2012, November 30

Authors Marion Vieweg, Michiel Schaeffer, Claudine Chen, Johannes Gütschow, Bill Hare, Marcia Rocha

There is a vast surplus of units in Kyoto’s cap-and-trade system. If no solution for the carry-over of this surplus from commtment period to commitment period is found, countries that have put forward a target for the second commitment period (CP2) may be under no pressuure to deviate from business-as-usual (BAU) emissions until 2026.