Griffith Hack Clean & Sustainable Technologies


Credits from Clean Development Mechanism and Joint Implementation to be good in Australia. by Justin Blows
December 17, 2008, 8:15 am
Filed under: News

In a surprise move, the Australian Government has announced that is will not restrict the importation of carbon credits generated under the Clean Development Mechanism (CMD) or Joint Implementation (JI) into Australia.  Europe also allows limited importation of these credits.  Credits from other nations with emissions trading may also be imported provided they fall under the Kyoto Protocol.  This has profound implications for the strategic patenting of new clean and sustainable technologies.  The announcement was made in the white paper on the Carbon Pollution Reduction Scheme discussed in an earlier posting.

The clean development mechanism rewards sustainable development in developing nations with Certified Emission Reduction (CERs), a type of carbon credit, while the Joint Implementation is a similar scheme for developed nations. 

The CDM and JI schemes promote technology transfer between nations, creating new markets for clean & sustainable technologies, especially in the developing world.  Protecting these technologies in the new markets should be considered.

The distribution of CDM projects across developing nations is charted here.  No exports of carbon pollution permits will be allowed under the Australian scheme.

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