ABSTRACT
One of the principal contentions of this study is that joint implementation (JI) constitutes a variety of different institutional arrangements, each of which is defined by the values associated with a set of operational parameters. This chapter defines eight particular operational forms of JI – which authors call JI options – by selecting sets of values for the operational parameters which might be typical in the context of bilateral energy-sector investments under the Kyoto Protocol. It summarizes briefly several potential methodologies for evaluating these options, and introduces the particular decision-analysis method that authors have chosen to use in their evaluation. The chapter illustrates the use of the selected decision-analysis methodology to evaluate the eight JI options defined earlier according to the specified evaluation criteria. It then discusses a proposal for defining an operational framework for JI in which the minimum requirements are met in terms of environmental effectiveness, equity and economic efficiency.
