Current Page For This Publication

Peter Zollinger and Roger Dower

Synopsis

Examines the role Joint Implementation (JI) of global greenhouse gas reductions plays as a prototype for North/South and public/private partnerships in answering a broad array of global environmental challenges.

---

Private investment in advanced technologies to reduce greenhouse gas emissions will have to play an essential role in addressing the problem of global climate change. The World Resources Institute briefing paper -- Private financing for global environmental initiatives: Can the Climate Convention's "Joint Implementation" pave the way? -- examines the role Joint Implementation (JI) of global greenhouse gas reductions plays as a prototype for North/South and public/private partnerships in answering a broad array of global environmental challenges.

So far, private finance for carbon offsets in developing countries has been scarce. Only a handful of projects have been implemented. The reason is simple. Joint Implementation projects in a voluntary system combine substantial risks with low financial returns. Nevertheless, the potential benefits in terms of practical experience and increased trust between North and South are substantial. Authors Peter Zollinger and Roger Dower provide a comprehensive overview of all the concrete steps and measures that governments (whether investors or hosts), multilateral development banks, and industry can take to make finance for Joint Implementation experiments practical and available.