The Linking Directive – Can JI and CDM be Safety Valves for the European Emissions Trading System?
The Linking Directive was the topic of the Climate Talk event which took place on 11 August. Experts from business, science and government discussed the legal framework and the difficulties of putting JI (Joint Implementation) and CDM (Clean Development Mechanism) into practice within the framework of the European emissions trading scheme. Presentations were given by Dr. Patrick Graichen (Federal Government for the Environment - BMU), Thomas Langrock (German Agency for Emissions Trading - DEHSt) und Dr. Sascha Lafeld (3C).
Dr. Patrick Graichen provided a short introduction into the matter from his point of view as a negotiator and legislator. Thomas Langrock adressed aspects of the implementation of the directive and special problems, such as possible JI-projects within Germany or the voluntary use of so-called airline credits. Dr. Sascha Lafeld explained the challenges for investors and companies applying the project based mechanisms.
In the ensuing discussion the practical difficulties in conducting JI and CDM projects became apparent as well as the need for more transparency of the system and for legal certainty.