Advanced Brazilian Beehive Kiln - the Katoomba Group
Advanced Brazilian Beehive Kiln - the Katoomba Group
Advanced Brazilian Beehive Kiln - the Katoomba Group
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Impact of lack of transferability• Draft text required designating Annex Idestination of ERs irrevocably at time ofregistration of projects by Host Country• Impact would be to eliminate:– secondary market outside of domestic regimes;– arbitrage between domestic regimes when Ers arecertified and transferred to investors– ‘pooling’ investment and‘bundling’ projects (forspreading risk and/or reducing transaction cost)– much small-country, small project ER trade