The impact of uncertain emission trading markets on interactive resource planning processes and international emission trading experiments

Interactive resource planning is an increasingly important aspect of emission trading markets. The conferences of Rio de Janeiro, 1992, and Kyoto, 1997, originally focusing on environmental protection at both macro- and micro-economic levels, called for new economic instruments of this kind. An important economic tool in this area is Joint Implementation (JI), defined in Article 6 of the Kyoto Protocol. Sustainable development can be guaranteed only if JI is embedded in optimal energy management. In this contribution we describe and evaluate one international procedure within uncertain markets which helps to establish optimal energy management and interactive resource planning processes within uncertain emission trading markets.

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