Policy Paper: Perspectives and Challenges to the Continuation of Joint Implementation Post-2012

The ongoing negotiations on the future of the international climate regime after 2012 raise the question what role and form JI should have in future. This paper aims to highlight the questions that need to be considered for the continuation of JI post-2012 and to provide options for the way forward. It begins with a brief overview of the strengths and weaknesses of JI. Secondly, discussions about the further development of emissions trading after 2012 should be guided by an understanding of how emission reduction options are structured and who are the actors that would need to make investment decisions. The paper therefore briefly discusses mitigation options, though without a claim to being comprehensive. This discussion is followed by an analysis of the challenges posed to JI by the introduction of domestic ETS and DOPs. Finally, the article discusses the potential role of JI in the overall post-2012 climate regime and possibilities for future development.

JIKO policy papers are written and published by the Wuppertal Institute on behalf of the German Environment Ministry (BMU). The positions expressed in this policy paper are strictly those of the authors and represent neither the opinion of the Wuppertal Institute nor of the BMU.