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xi | |
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xiii | |
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xvii | |
Notes on contributors |
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xviii | |
Acknowledgements |
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xxii | |
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1 Introduction: key notions and trade-offs involved in MRVing emissions |
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1 | (18) |
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1.1 Purpose and audience for this book |
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1 | (1) |
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1.2 Climate economics at work |
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2 | (2) |
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1.3 Scale, scope, uncertainty and related trade-offs: key definitions and stakes of MRV in climate economics |
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4 | (4) |
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1.4 Outline, editorial choices and comparison tools between chapters |
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8 | (11) |
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12 | (4) |
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16 | (3) |
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Part I MRV of territorial/jurisdictional emissions |
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19 | (118) |
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2 Trendsetter for territorial schemes: national GHG inventories under the UNFCCC |
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21 | (51) |
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21 | (6) |
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2.2 Objectives, national inventory system and challenges |
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27 | (6) |
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33 | (12) |
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45 | (10) |
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55 | (5) |
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60 | (3) |
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63 | (5) |
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2.8 What practitioners say about it |
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68 | (4) |
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70 | (1) |
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71 | (1) |
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3 Variant 1: region/city geographical inventories |
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72 | (32) |
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72 | (1) |
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3.2 Multiple methodologies and protocols based on actors' needs |
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73 | (6) |
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79 | (7) |
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86 | (3) |
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3.5 Conclusions: local needs currently prevail over harmonization |
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89 | (15) |
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102 | (2) |
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4 Variant 2: sectoral MRV at the jurisdictional level -- forestry (REDD+) in the VCS and the UNFCCC |
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104 | (33) |
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104 | (2) |
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4.2 Variable scope of requirements: from baseline only to full jurisdictional MRV |
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106 | (1) |
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4.3 Monitoring requirements |
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106 | (12) |
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118 | (1) |
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118 | (2) |
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4.6 Comparison between VCS and UNFCCC requirements for REDD+ |
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120 | (3) |
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123 | (4) |
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127 | (1) |
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127 | (10) |
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135 | (2) |
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Part II MRV of industrial sites and entities |
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137 | (202) |
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5 Trendsetter for companies and industrial sites: the EU Emissions Trading Scheme |
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139 | (51) |
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139 | (8) |
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147 | (21) |
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5.3 Reporting and verification |
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168 | (5) |
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173 | (4) |
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177 | (6) |
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5.6 What practitioners say about it |
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183 | (7) |
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187 | (3) |
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6 Variant 1: the waste sector in Australia's Carbon Pricing Mechanism, another ETS at site level |
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190 | (31) |
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190 | (2) |
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6.2 The waste sector covered by the Carbon Pricing Mechanism |
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192 | (1) |
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6.3 Monitoring the waste sector's GHG emissions |
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193 | (11) |
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204 | (2) |
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206 | (5) |
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6.6 Uncertainty related to waste emissions: is it an issue? Should it be reduced? |
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211 | (2) |
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213 | (1) |
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214 | (7) |
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219 | (2) |
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7 Variant 2: non-site level emissions in an ETS -- the case of electricity importers in the California cap-and-trade |
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221 | (42) |
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221 | (4) |
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7.2 Monitoring electricity importers under the GHG Inventory Program |
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225 | (14) |
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7.3 Reporting: a separate report for imported electricity according to sources |
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239 | (9) |
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7.4 Uncertainty in the Californian cap-and-trade program: the carbon leakage issue |
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248 | (6) |
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254 | (1) |
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254 | (9) |
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261 | (2) |
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8 Variant 3: emissions of a company/institution rather than a site: the case of the Shenzhen ETS |
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263 | (20) |
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8.1 China's domestic emissions reduction policy |
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263 | (5) |
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8.2 Shenzhen, China's first operating ETS pilot |
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268 | (2) |
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8.3 Capping direct and indirect emissions |
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270 | (1) |
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8.4 MRV and compliance at company level |
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271 | (1) |
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8.5 Intensity-based cap and allowances |
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272 | (4) |
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8.6 Reporting, confidentiality and disclosure |
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276 | (1) |
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8.7 Enforcement of compliance |
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276 | (1) |
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277 | (6) |
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282 | (1) |
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9 Variant 4: coexistence of voluntary and mandatory frameworks at the company level -- Carbon Disclosure Project, EU ETS and French legal requirements |
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283 | (30) |
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283 | (1) |
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9.2 French entities may be subject to up to four major mandatory or voluntary GHG emissions monitoring and reporting frameworks |
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284 | (11) |
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295 | (1) |
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9.4 Four frameworks may be too many, even though they are flexible enough to be synergetic with one another |
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295 | (11) |
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9.5 Balancing internal management needs and an increasing range of use for external GHG data |
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306 | (4) |
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9.6 Conclusions: the diversity of reporting frameworks leads to higher costs, risks and opportunities |
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310 | (3) |
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311 | (2) |
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10 Direct measurement in the EU ETS |
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313 | (26) |
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313 | (1) |
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10.2 Direct measurement fundamentals |
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314 | (5) |
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10.3 Direct measurement under the EU ETS |
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319 | (7) |
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10.4 Uncertainty influencing parameters in mass emission measurement |
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326 | (4) |
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10.5 Measurement vs. calculation |
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330 | (4) |
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10.6 Conclusion: what method should be preferred? |
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334 | (5) |
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Appendix -- Relevant international and European standards |
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335 | (1) |
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336 | (3) |
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Part III MRV at offset project scale |
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339 | (197) |
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11 Trendsetter for projects: the Clean Development Mechanism |
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341 | (49) |
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341 | (10) |
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351 | (10) |
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361 | (3) |
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364 | (10) |
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11.5 What practitioners say about it |
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374 | (2) |
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376 | (14) |
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Appendix -- Transaction costs for CDM projects |
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385 | (2) |
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387 | (3) |
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12 Case study 1: monitoring requirements for projects reducing N2O emissions from fertilizer use across standards |
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390 | (33) |
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390 | (2) |
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392 | (13) |
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405 | (1) |
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406 | (2) |
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408 | (1) |
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408 | (15) |
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421 | (2) |
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13 Case study 2: monitoring requirements for reforestation and improved forest management projects across standards |
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423 | (44) |
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423 | (1) |
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13.2 Monitoring in the CDM for reforestation projects and VCS IFM projects |
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424 | (23) |
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447 | (1) |
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13.4 Verification: what are auditors looking for? |
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447 | (4) |
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451 | (1) |
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451 | (16) |
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Appendix -- Determination of monitoring uncertainty |
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451 | (14) |
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465 | (2) |
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14 Case study 3: monitoring requirements for fugitive emissions from fuels in the CDM |
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467 | (43) |
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14.1 Fugitive emissions scale and scope |
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467 | (2) |
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14.2 General principles of fugitive emission methodologies |
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469 | (13) |
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14.3 CDM methodology AM0023 |
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482 | (4) |
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486 | (3) |
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489 | (21) |
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491 | (14) |
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505 | (5) |
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510 | (26) |
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15.1 MRV requirements across schemes |
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510 | (5) |
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15.2 Incentives to reduce monitoring uncertainty tend to be partial and indirect |
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515 | (5) |
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15.3 MRV costs: large economies of scale |
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520 | (8) |
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15.4 "Materiality" is commonly practiced but it does not outweigh economies of scale |
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528 | (5) |
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15.5 Comparability often trumps information relevance |
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533 | (1) |
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15.6 Staggering MRV vs. carbon pricing implementation |
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534 | (1) |
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534 | (2) |
Bibliography |
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536 | (2) |
Index |
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538 | |