The flexible mechanisms of the Kyoto Protocol, namely the Clean Development Mechanism (CDM) and Joint Implementation (JI), have been very successful in generating emission reduction credits at large scale and low costs. The JIKO Policy Paper 04/2013 investigates to what extent German stakeholders have been involved in the flexible mechanisms and whether or not they have benefitted from the scheme. To answer this question, the authors look into German investments in the two mechanisms and how credits have been used to comply with obligations under the EU ETS. Furthermore, they investigate the role of German consultancies, auditors, financial market players and technology providers.
You find the Policy Paper ready for download at the CDM/JI website of the Federal Ministry for the Environment.