direct ec european parliament council octob amend direct ec establish scheme greenhous ga emiss allow trade commun respect kyoto protocol project mechan text eea relev european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european econom social committe consult committe region act accord procedur laid articl treati direct ec establish scheme greenhous ga emiss allow trade commun commun scheme order promot reduct greenhous ga emiss cost effect econom effici manner recognis longer term global emiss greenhous gase reduc approxim compar level aim contribut fulfil commit commun member state reduc anthropogen greenhous ga emiss kyoto protocol approv council decis ec april approv behalf european commun kyoto protocol unit nation framework convent climat chang joint fulfil commit thereund direct ec state recognit credit project base mechan fulfil oblig increas cost effect achiev reduct global greenhous ga emiss provid provis link kyoto project base mechan includ joint implement ji clean develop mechan cdm commun scheme link kyoto project base mechan commun scheme safeguard environment integr opportun emiss credit gener project activ elig pursuant articl kyoto protocol order fulfil member state oblig accord articl direct ec result increas divers low cost complianc option commun scheme lead reduct cost complianc kyoto protocol improv liquid commun market greenhous ga emiss allow stimul demand ji credit commun compani invest develop transfer advanc environment sound technolog demand cdm credit stimul develop countri host cdm project assist achiev sustain develop goal addit kyoto project base mechan commun member state compani individu commun scheme mechan link commun scheme ensur consist unit nation framework convent climat chang unfccc kyoto protocol subsequ decis adopt thereund object architectur commun scheme provis laid direct ec member state oper commun scheme certifi emiss reduct cer emiss reduct unit eru cer eru oper allow percentag alloc instal member state nation alloc plan place issu surrend allow exchang cer eru allow issu exchang cer eru correspond cer eru commiss regul standardis secur system registri adopt pursuant articl direct ec articl decis ec european parliament council februari mechan monitor commun greenhous ga emiss implement kyoto protocol provid relev process procedur registri system cer period subsequ period eru period subsequ period member state decid limit cer eru project activ due regard relev provis kyoto protocol marrakesh accord meet requir mechan supplement domest action domest action constitut signific element effort made accord unfccc kyoto protocol subsequ decis adopt thereund member state refrain cer eru gener nuclear facil meet commit pursuant articl kyoto protocol pursuant decis ec decis cp cp adopt pursuant unfccc kyoto protocol emphasis environment integr achiev inter alia sound modal rule guidelin mechan sound strong principl rule govern land land chang forestri activ issu perman addition leakag uncertainti socioeconom environment impact includ impact biodivers natur ecosystem afforest reforest project activ account commiss review direct ec technic provis relat temporari natur credit limit elig land land chang forestri project activ establish decis cp provis relat outcom evalu potenti risk genet modifi organ potenti invas alien speci afforest reforest project activ oper cer eru result land land chang forestri project activ commun scheme accord decis adopt pursuant unfccc kyoto protocol order avoid doubl count cer eru issu result project activ undertaken commun lead reduct limit emiss instal cover direct ec equal number allow cancel registri member state cer eru origin accord relev treati access acqui communautair account establish baselin project activ undertaken countri acced union member state authoris privat public entiti particip project activ remain respons fulfil oblig unfccc kyoto protocol ensur particip consist relev guidelin modal procedur adopt pursuant unfccc kyoto protocol accord unfccc kyoto protocol subsequ decis adopt implement commiss member state support capac build activ develop countri countri economi transit order full advantag ji cdm manner support sustain develop strategi commiss review report effort regard criteria guidelin relev hydroelectr power product project neg environment social impact identifi world commiss dam novemb report quot dam develop framework decis make quot oecd world bank particip ji cdm project activ voluntari corpor environment social respons account enhanc accord paragraph plan implement world summit sustain develop connect compani encourag improv social environment perform ji cdm activ particip inform project activ member state particip authoris privat public entiti particip made public accord direct ec european parliament council januari public access environment inform commiss mention impact electr market report emiss allow trade credit project activ entri forc kyoto protocol commiss examin conclud agreement countri list annex kyoto protocol ratifi protocol provid recognit allow commun scheme mandatori greenhous ga emiss trade scheme cap absolut emiss establish countri object propos action establish link kyoto project base mechan commun scheme suffici achiev member state act individu reason scale effect action achiev commun level commun adopt measur accord principl subsidiar set articl treati accord principl proportion set articl direct order achiev object direct ec amend adopt direct articl amend direct ec direct ec amend articl point ad quot quot annex parti quot mean parti list annex unit nation framework convent climat chang unfccc ratifi kyoto protocol articl kyoto protocol quot project activ quot mean project activ approv annex parti accord articl articl kyoto protocol decis adopt pursuant unfccc kyoto protocol quot emiss reduct unit quot quot eru quot mean unit issu pursuant articl kyoto protocol decis adopt pursuant unfccc kyoto protocol quot certifi emiss reduct quot quot cer quot mean unit issu pursuant articl kyoto protocol decis adopt pursuant unfccc kyoto protocol quot articl insert articl quot articl cer eru project activ commun scheme subject paragraph period refer articl member state oper cer eru project activ commun scheme percentag alloc allow instal member state nation alloc plan period place issu surrend allow member state exchang cer eru held oper nation registri member state subject paragraph period refer articl member state oper cer project activ commun scheme place issu surrend allow member state exchang cer member state cancel cer oper period refer articl cer eru issu accord unfccc kyoto protocol subsequ decis adopt thereund commun scheme recognit fact accord unfccc kyoto protocol subsequ decis adopt thereund member state refrain cer eru gener nuclear facil meet commit pursuant articl kyoto protocol accord decis ec oper refrain cer eru gener facil commun scheme period refer articl year period refer articl cer eru land land chang forestri activ articl project activ member state measur ensur baselin project activ defin subsequ decis adopt unfccc kyoto protocol undertaken countri sign treati access union fulli compli acqui communautair includ temporari derog set treati access provid paragraph member state host project activ ensur eru cer issu reduct limit greenhous ga emiss instal fall scope direct decemb ji cdm project activ reduc limit directli emiss instal fall scope direct eru cer issu equal number allow cancel oper instal decemb ji cdm project activ reduc limit indirectli emiss level instal fall scope direct eru cer issu equal number allow cancel nation registri member state eru cer origin member state authoris privat public entiti particip project activ remain respons fulfil oblig unfccc kyoto protocol ensur particip consist relev guidelin modal procedur adopt pursuant unfccc kyoto protocol case hydroelectr power product project activ gener capac exceed mw member state approv project activ ensur relev intern criteria guidelin includ contain world commiss dam novemb report quot dam develop framework decis make quot respect develop project activ provis implement paragraph respect avoid doubl count provis implement paragraph host parti meet elig requir ji project activ adopt accord articl quot articl replac quot articl access inform decis relat alloc allow inform project activ member state particip authoris privat public entiti particip report emiss requir greenhous ga emiss permit held compet author made public accord direct ec quot articl subparagraph ad quot member state ensur coordin design focal point approv project activ pursuant articl kyoto protocol design nation author implement articl kyoto protocol design accord subsequ decis adopt unfccc kyoto protocol quot articl sentenc ad quot regul includ provis identif cer eru commun scheme monitor level quot articl amend paragraph sentenc replac quot report pai attent arrang alloc allow eru cer commun scheme oper registri applic monitor report guidelin verif issu relat complianc direct fiscal treatment allow quot paragraph replac quot commiss organis exchang inform compet author member state develop relat issu alloc eru cer commun scheme oper registri monitor report verif complianc direct quot articl insert articl quot articl support capac build activ accord unfccc kyoto protocol subsequ decis adopt implement commiss member state endeavour support capac build activ develop countri countri economi transit order full advantag ji cdm manner support sustain develop strategi facilit engag entiti ji cdm project develop implement quot articl amend paragraph point replac quot credit project activ includ harmonis allow eru cer commun scheme quot paragraph point ad quot impact project mechan host countri develop object ji cdm hydroelectr power product project activ gener capac exceed mw neg environment social impact approv futur cer eru result hydroelectr power product project activ commun scheme support capac build effort develop countri countri economi transit modal procedur member state approv domest project activ issu allow respect emiss reduct limit result activ technic provis relat temporari natur credit limit elig land land chang forestri project activ establish decis cp provis relat outcom evalu potenti risk genet modifi organ potenti invas alien speci afforest reforest project activ oper cer eru result land land chang forestri project activ commun scheme accord decis adopt pursuant unfccc kyoto protocol quot paragraph replac quot advanc period refer articl member state publish nation alloc plan intend eru cer percentag alloc instal oper allow eru cer commun scheme period total eru cer consist relev supplementar oblig kyoto protocol unfccc decis adopt thereund member state accord articl decis ec european parliament council februari mechan monitor commun greenhous ga emiss implement kyoto protocol report commiss year extent domest action constitut signific element effort undertaken nation level extent project mechan supplement domest action ratio accord relev provis kyoto protocol decis adopt thereund commiss report accord articl decis light report commiss make legisl propos complement provis adopt member state ensur mechan supplement domest action commun annex iii point ad quot plan maximum amount cer eru oper commun scheme percentag alloc allow instal percentag consist member state supplementar oblig kyoto protocol decis adopt pursuant unfccc kyoto protocol quot articl implement member state bring forc law regul administr provis compli direct novemb forthwith inform commiss thereof member state adopt measur refer direct accompani refer occas offici public method make refer laid member state member state commun commiss text provis nation law adopt field cover direct commiss inform member state thereof articl entri forc direct enter forc dai public offici journal european union articl addresse direct address member state strasbourg octob european parliament borrel fontel presid council nicolai presid oj opinion european parliament april publish offici journal council decis septemb publish offici journal oj oj oj oj oj quot