Search for: [Abstract = "Implementation of the Kyoto Protocol raises the question of verification of the Kyoto obligations. Estimates show that uncertainty of the emissions reported by countries is high, mainly due to the methodology of the report preparation. Thus the finał verification of the obligations should take into account uncertainty of the reported emissions. This problem is considered in the paper. Our proposition for verification is based on setting a \( small enough\) risk of not satisfying obligations, which leads to the easy to check conditions This can be dane either within a deterministic or stochastic setup. Consequently, purchase of emissions should be associated with assimilation of the accompanying it uncertainty. Acceptance of this idea will influence emission trading rules, and in particular will change the cost of the bargained emission unit. This issue is also addressed in the paper."]

Number of results: 1