market for all three flexibility mechanisms under the Kyoto Protocol over the first commitment period 2008-2012, both on the … the potential demand in the greenhouse gas offset market. Then, the paper provides a quantitative assessment of the … potential market for Kyoto mechanisms and quantify the implications of the EU proposal on the basis of the individual national …

lower overall cost. This paper aims to estimate the size of the potential market for all three mechanisms over the first … greenhouse gas offset market. Then, it assesses the implications of the EU proposal for ceilings on the use of flexibility … scenarios. To our knowledge, this is the first comprehensive study to estimate the size of the potential market for Kyoto …