Assigned amount units

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An Assigned Amount Unit (AAU) is a tradable 'Kyoto unit' or 'carbon credit' representing an allowance to emit greenhouse gases comprising one metric tonne of carbon dioxide equivalents calculated using their Global Warming Potential.[1] [2] Assigned Amount Units are issued up to the level of initial "assigned amount" of an Annex 1 Party to the Kyoto Protocol.[3][4]

The "assigned amounts" are the Kyoto Protocol Annex B emission targets (or "quantified emission limitation and reduction objectives") expressed as levels of allowed emissions over the 2008-2012 commitment period.[5]

Application[edit]

Article 17 of the Kyoto Protocol allows emissions trading between Annex B Parties (countries). Parties that have "assigned amount units" to spare because of reductions in emissions below their Kyoto commitment set out in Article 3 and Annex B may sell those units to countries that have emissions exceeding their targets.[6] Article 17 also requires that any such emissions trading shall be supplemental to domestic action for the purpose of meeting quantified emission limitation and reduction commitments (QELRCs).

See also[edit]

References[edit]

  1. ^ "Assigned Amount Unit (AAU)". CDM Rulebook A-Z. Baker & McKenzie. Archived from the original on 8 September 2010. Retrieved 2010-07-27. 
  2. ^ IPCC (2001). "Appendix II Glossary". IPCC Third Assessment Report - Climate Change 2001. Working Group III: Mitigation. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA. Retrieved 2010-09-12. 
  3. ^ "Kyoto Protocol Reference Manual On Accounting of Emissions and Assigned Amount". United Nations Framework Convention on Climate Change. November 2008. Archived from the original on 29 April 2010. Retrieved 2010-04-07. 
  4. ^ "Glossary of climate change acronyms". United Nations Framework Convention on Climate Change. Archived from the original on 29 April 2010. Retrieved 2010-04-07. 
  5. ^ "Kyoto Protocol Targets". United Nations Framework Convention on Climate Change. Archived from the original on 17 April 2010. Retrieved 2010-04-07. 
  6. ^ "Emissions Trading". United Nations Framework Convention on Climate Change. Archived from the original on 29 April 2010. Retrieved 2010-04-07.