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Volumn 19, Issue 2, 2008, Pages 409-442

Making markets work: A review of CDM performance and the need for reform

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EID: 44449110050     PISSN: 09385428     EISSN: 14643596     Source Type: Journal    
DOI: 10.1093/ejil/chn014     Document Type: Review
Times cited : (71)

References (146)
  • 1
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    • Capoor and Ambrosi, State and Trends of the Carbon Market (2007), available at: http://carbonfinance.org/docs/ Carbon_Trends_2007-_FINAL_-_May_2.pdf (accessed 15 June 2007).
    • Capoor and Ambrosi, State and Trends of the Carbon Market (2007), available at: http://carbonfinance.org/docs/ Carbon_Trends_2007-_FINAL_-_May_2.pdf (accessed 15 June 2007).
  • 2
    • 44449091862 scopus 로고    scopus 로고
    • The creation of markets to reduce greenhouse gas emissions has itself led to the development of 'carbon finance, which has been described as being broader than the trading of carbon credits because new financial instruments are being developed to facilitate the transfer to a carbon constraint economy
    • The creation of markets to reduce greenhouse gas emissions has itself led to the development of 'carbon finance', which has been described as being broader than the trading of carbon credits because new financial instruments are being developed to facilitate the transfer to a carbon constraint economy.
  • 3
    • 27744557047 scopus 로고    scopus 로고
    • Kingsbury, Krisch, and Stewart, 'The Emergence of Global Administrative Law', 68 Law & Contemporary Problems (2005) 15, at 17. The authors have benefited from the research output of the Global Administrative Law Research Project at New York University School of Law and would like to register an acknowledgement of thanks.
    • Kingsbury, Krisch, and Stewart, 'The Emergence of Global Administrative Law', 68 Law & Contemporary Problems (2005) 15, at 17. The authors have benefited from the research output of the Global Administrative Law Research Project at New York University School of Law and would like to register an acknowledgement of thanks.
  • 4
    • 44449162417 scopus 로고    scopus 로고
    • See 'Privileges and immunities for individuals serving on constituted bodies under the Kyoto Protocol: Implementation of decision 9/CMP.2. Note by the secretariat', 3rd Session of the Meeting of the Parties to the Kyoto Protocol. 1F3CFCCC/KP/CMP/2007/2, 13 November 2007.
    • See 'Privileges and immunities for individuals serving on constituted bodies under the Kyoto Protocol: Implementation of decision 9/CMP.2. Note by the secretariat', 3rd Session of the Meeting of the Parties to the Kyoto Protocol. 1F3CFCCC/KP/CMP/2007/2, 13 November 2007.
  • 5
    • 44449096960 scopus 로고    scopus 로고
    • The rights to procedural justice and due process of law are guiding constitutional and administrative principles in common as well as civil law systems. The essence of these principles is that the government must respect a person's legal rights when the government deprives a person of life, liberty, or property. The requirement to adhere to due process has been introduced into the US constitution with the 5th and the 14th amendments. It also forms part of the set of constitutional rights of citizens of the countries of the EU. References in community law can be found in Arts 6(1, fair process) and 13 (right to appeal) of the European Convention on Human Rights (ECHR, as well as The Charter of Fundamental Rights of the European Union, OJ (2000) C 364/1, which establishes in Art. 41 the right to a good administration and in Art. 47 the right to an effective remedy and fair trial
    • The rights to procedural justice and due process of law are guiding constitutional and administrative principles in common as well as civil law systems. The essence of these principles is that the government must respect a person's legal rights when the government deprives a person of life, liberty, or property. The requirement to adhere to due process has been introduced into the US constitution with the 5th and the 14th amendments. It also forms part of the set of constitutional rights of citizens of the countries of the EU. References in community law can be found in Arts 6(1) (fair process) and 13 (right to appeal) of the European Convention on Human Rights (ECHR), as well as The Charter of Fundamental Rights of the European Union, OJ (2000) C 364/1, which establishes in Art. 41 the right to a good administration and in Art. 47 the right to an effective remedy and fair trial.
  • 7
    • 33645878922 scopus 로고    scopus 로고
    • Global Administrative Law: The Quest for Principles and Values', 17
    • at
    • Harlow, 'Global Administrative Law: The Quest for Principles and Values', 17 EJIL (2006) 187, at 190
    • (2006) EJIL , vol.187 , pp. 190
    • Harlow1
  • 8
    • 44449138794 scopus 로고    scopus 로고
    • Jowell, 'The Rule of Law and its Underlying Values', in J. Jowell and D. Oliver, The Changing Constitution (2007).
    • Jowell, 'The Rule of Law and its Underlying Values', in J. Jowell and D. Oliver, The Changing Constitution (2007).
  • 9
    • 44449169731 scopus 로고    scopus 로고
    • The right to be heard emanates from the fundamental principle of procedural fairness. This includes the right to be notified of charges and given opportunity to be heard (e.g., Art. 41(II) of the EU Charter of Fundamental Rights (hereinafter 'the EU Charter'), supra note 5, confirms this principle as one of the basic principles governing the interaction between EU institutions and citizens of the Union).
    • The right to be heard emanates from the fundamental principle of procedural fairness. This includes the right to be notified of charges and given opportunity to be heard (e.g., Art. 41(II) of the EU Charter of Fundamental Rights (hereinafter 'the EU Charter'), supra note 5, confirms this principle as one of the basic principles governing the interaction between EU institutions and citizens of the Union).
  • 10
    • 44449176461 scopus 로고    scopus 로고
    • The rule against bias (nemo judex in re sua) is one of long standing in the common as well as civil law. The prerequisite of any decision-making system that seeks to lay claim to any degree of fairness is the provision of unbiased tribunals and decision-makers. It can be said that no amount of procedural safeguards (such as the right to legal representation or to cross-examine witnesses) is likely to deliver fairness if the deciding tribunal is, in the first place, biased in the sense of being inherently predisposed against (or for) the individual who is the subject of the decision.
    • The rule against bias (nemo judex in re sua) is one of long standing in the common as well as civil law. The prerequisite of any decision-making system that seeks to lay claim to any degree of fairness is the provision of unbiased tribunals and decision-makers. It can be said that no amount of procedural safeguards (such as the right to legal representation or to cross-examine witnesses) is likely to deliver fairness if the deciding tribunal is, in the first place, biased in the sense of being inherently predisposed against (or for) the individual who is the subject of the decision.
  • 11
    • 44449147360 scopus 로고    scopus 로고
    • For the EU, Art. 253 EC formulates the requirement to state the reasons for any act, decision, directive, or regulation adopted by the Community or Community organs. The requirement to give reasons is also embodied in Art. 41(II) of the EU Charter, supra note 5. Most EU countries possess administrative procedure Acts, which contain the obligation of public authorities to give reasons for their acts (e.g., para. 39 of the German Verwaltungsverfahrensgesetz).
    • For the EU, Art. 253 EC formulates the requirement to state the reasons for any act, decision, directive, or regulation adopted by the Community or Community organs. The requirement to give reasons is also embodied in Art. 41(II) of the EU Charter, supra note 5. Most EU countries possess administrative procedure Acts, which contain the obligation of public authorities to give reasons for their acts (e.g., para. 39 of the German Verwaltungsverfahrensgesetz).
  • 12
    • 44449084196 scopus 로고    scopus 로고
    • See also Subchapter II of the US Federal Administrative Procedure Act
    • See also Subchapter II of the US Federal Administrative Procedure Act.
  • 13
    • 30944435628 scopus 로고    scopus 로고
    • The Rule of (Administrative) Law in International Law', 68
    • at
    • Dyzenhaus, 'The Rule of (Administrative) Law in International Law', 68 Law & Contemporary Problems (2005) 126, at 130
    • (2005) Law & Contemporary Problems , vol.126 , pp. 130
    • Dyzenhaus1
  • 14
    • 44449115033 scopus 로고    scopus 로고
    • See also Le Sueur, 'Courts. Tribuanals, Ombudsmen, ADR: Administrative Justice. Constitutionalism and Informality', in Jowell and Oliver, supra note 5.
    • See also Le Sueur, 'Courts. Tribuanals, Ombudsmen, ADR: Administrative Justice. Constitutionalism and Informality', in Jowell and Oliver, supra note 5.
  • 15
    • 44449147361 scopus 로고    scopus 로고
    • See Michaelowa and Purohit, 'Additionality Determination of Indian Projects, Can Indian CDM Project Developers Outwit the CDM Executive Board?'. 2007, available at: http://medias.lemonde.fr/mmpub/edt/doc/ 20070608/920594_additionality_determination_of_indian_cdm_projects.pdf.
    • See Michaelowa and Purohit, 'Additionality Determination of Indian Projects, Can Indian CDM Project Developers Outwit the CDM Executive Board?'. 2007, available at: http://medias.lemonde.fr/mmpub/edt/doc/ 20070608/920594_additionality_determination_of_indian_cdm_projects.pdf.
  • 16
    • 44449085707 scopus 로고    scopus 로고
    • Download press articles from the Guardian (UK) are available at: www.guardian.co.uk/environment/2007/jun/02/energy.business, Le Monde (French) at: www.lemonde.fr/web/article/ 0.1-0-3244,36-920043,0.html,
    • Download press articles from the Guardian (UK) are available at: www.guardian.co.uk/environment/2007/jun/02/energy.business, Le Monde (French) at: www.lemonde.fr/web/article/ 0.1-0-3244,36-920043,0.html,
  • 17
    • 44449134024 scopus 로고    scopus 로고
    • German at
    • Tagesanzeiger (German) at: Http://tages-anzeiger.ch/dyn/news/print/ausland/758571.html;
    • Tagesanzeiger
  • 18
    • 44449120667 scopus 로고    scopus 로고
    • and the Financial Times In-Depth report on Carbon Trading at: http://www.ft.com/indepth/carbontrading.
    • and the Financial Times In-Depth report on Carbon Trading at: http://www.ft.com/indepth/carbontrading.
  • 19
    • 44449124973 scopus 로고    scopus 로고
    • Also see Press Release by UNFCCC Executive Secretary, available at:, accessed on 25 july 2007
    • Also see Press Release by UNFCCC Executive Secretary, 'Confusion threatens to limit potential of key Kyoto Protocol mechanism', available at: www.unfccc.int (accessed on 25 july 2007).
    • Confusion threatens to limit potential of key Kyoto Protocol mechanism
  • 20
    • 44449104022 scopus 로고    scopus 로고
    • Annex I refers to the Annex to the UN Framework Convention on Climate Change and the Kyoto Protocol which lists the countries which agreed to assume binding emission limitation and reduction targets. Such targets are set in Annex B of the Kyoto Protocol (hereinafter 'KP, 37 ILM (1998) 22, which came into torce on 16 Feb. 2005
    • Annex I refers to the Annex to the UN Framework Convention on Climate Change and the Kyoto Protocol which lists the countries which agreed to assume binding emission limitation and reduction targets. Such targets are set in Annex B of the Kyoto Protocol (hereinafter 'KP'), 37 ILM (1998) 22, which came into torce on 16 Feb. 2005.
  • 21
    • 44449163801 scopus 로고    scopus 로고
    • See Art 12(2) of Ibid.
    • See Art 12(2) of Ibid.
  • 23
    • 44449154164 scopus 로고    scopus 로고
    • The MLF is the financial mechanism created in 1990 by the London Amendment to assist developing (Art. 5) countries meet the agreed incremental cost of fulfilling the control measures imposed by the Montreal Protocol, 26 ILM (1987) 1541.
    • The MLF is the financial mechanism created in 1990 by the London Amendment to assist developing (Art. 5) countries meet the agreed incremental cost of fulfilling the control measures imposed by the Montreal Protocol, 26 ILM (1987) 1541.
  • 24
    • 44449102519 scopus 로고    scopus 로고
    • The additionality requirement may be explained thus: CDM project activities must result in reducing or absorbing (sequestering) GHGs that are 'real and measurable and would not have occurred in the absence of the proposed project activity' (UNFCCC, Report of the Conference of the Parties on its seventh session, Marrakesh, 29 Oct.-10 Nov. 2001, Addendum part two: Action taken by the Conference of the Parties. II. FCCC/CP/2001/13/Add. 2, at 20). in other words, to quality for credits a project activity must demonstrate that GHG emissions were reduced against the 'baseline scenario', a representation of GHG emissions under normal circumstances.
    • The additionality requirement may be explained thus: CDM project activities must result in reducing or absorbing (sequestering) GHGs that are 'real and measurable and would not have occurred in the absence of the proposed project activity' (UNFCCC, Report of the Conference of the Parties on its seventh session, Marrakesh, 29 Oct.-10 Nov. 2001, Addendum part two: Action taken by the Conference of the Parties. Vol. II. FCCC/CP/2001/13/Add. 2, at 20). in other words, to quality for credits a project activity must demonstrate that GHG emissions were reduced against the 'baseline scenario', a representation of GHG emissions under normal circumstances.
  • 25
    • 44449146850 scopus 로고    scopus 로고
    • Non-Annex I (developing country) Parties have no obligation to establish and manage registries. This means that, unless they maintain an account in an Annex I registry, non-Annex I country entities do not hold accounts in national registries. CERs of non-Annex I countries are held in the international CDM registry, managed by the EB and administered by the UNFCCC secretariat
    • Non-Annex I (developing country) Parties have no obligation to establish and manage registries. This means that, unless they maintain an account in an Annex I registry, non-Annex I country entities do not hold accounts in national registries. CERs of non-Annex I countries are held in the international CDM registry, managed by the EB and administered by the UNFCCC secretariat.
  • 26
    • 44449105932 scopus 로고    scopus 로고
    • available at:, accessed 29 Dec. 2007
    • UNEP Risø CDM Pipeline, available at: www.cdmpipeline.org/ (accessed 29 Dec. 2007).
    • UNEP Risø CDM Pipeline
  • 28
    • 85011467015 scopus 로고    scopus 로고
    • COPing with Consent: Law-making under Multilateral Environmental Agreements', 15
    • For a detailed review of law-making by, at
    • For a detailed review of law-making by COPs see Brunnée, 'COPing with Consent: Law-making under Multilateral Environmental Agreements', 15 Leiden J Int'l L (2002) 1, at 32.
    • (2002) Leiden J Int'l L , vol.1 , pp. 32
    • COPs see Brunnée1
  • 29
    • 44449128447 scopus 로고    scopus 로고
    • The Marrakesh Accords were adopted by the 7th session of the UNFCCC COP held in Marrakesh, Morocco, in Dec. 2001
    • The Marrakesh Accords were adopted by the 7th session of the UNFCCC COP held in Marrakesh, Morocco, in Dec. 2001
  • 30
    • 44449088268 scopus 로고    scopus 로고
    • and confirmed by the 1st session of the COP/MOP in Montreal in Dec. 2005; FCCC/KP/2008/8/Add.1 Decision 3/CMP.1 Modalities and procedures for a clean development mechanism as defined in Article 12 ofthe Kyoto Protocol.
    • and confirmed by the 1st session of the COP/MOP in Montreal in Dec. 2005; FCCC/KP/2008/8/Add.1 Decision 3/CMP.1 (Modalities and procedures for a clean development mechanism as defined in Article 12 ofthe Kyoto Protocol.
  • 31
    • 44449119291 scopus 로고    scopus 로고
    • Art. 12(4) of KP: 'The clean development mechanism shall be subject to the authority and guidance of the Conference of the Parties serving as the meeting of the Parties to this Protocol and be supervised by an executive board of the clean development mechanism.' The scope of its role and its powers is set out in Part C of Annex: 'Modalities and procedures for a clean development mechanism,' Decision 3/CMP.1, supra note 22, paras 2-4.
    • Art. 12(4) of KP: 'The clean development mechanism shall be subject to the authority and guidance of the Conference of the Parties serving as the meeting of the Parties to this Protocol and be supervised by an executive board of the clean development mechanism.' The scope of its role and its powers is set out in Part C of Annex: 'Modalities and procedures for a clean development mechanism,' Decision 3/CMP.1, supra note 22, paras 2-4.
  • 32
    • 44449117821 scopus 로고    scopus 로고
    • Ibid., Annex, para. 5.
    • Ibid., Annex, para. 5.
  • 33
    • 30944469435 scopus 로고    scopus 로고
    • Stewart, 'U.S. Administrative Law: A Model for Global Administrative Law?', 68 Law & Contemporary Problems (2005) 63, at 91, n. 11
    • Stewart, 'U.S. Administrative Law: A Model for Global Administrative Law?', 68 Law & Contemporary Problems (2005) 63, at 91, n. 11
  • 34
    • 84920568063 scopus 로고    scopus 로고
    • The International Institutions of the Clean Development Mechanism Brought Before National Courts: Limiting Jurisdictional Immunity to Achieve Access to Justice'. 39
    • at
    • Meijer, 'The International Institutions of the Clean Development Mechanism Brought Before National Courts: Limiting Jurisdictional Immunity to Achieve Access to Justice'. 39 NYU J Int'l L and Politics (2007) 877, at 886.
    • (2007) NYU J Int'l L and Politics , vol.877 , pp. 886
    • Meijer1
  • 35
    • 44449107964 scopus 로고    scopus 로고
    • The EB's divergence from the Methodologies Panel's (MethPanel) recommendations in approving methodologies is an example of such divergence in interpretations between the EB and its panels. A concrete example is the pending issue of addressing the double counting of emission reductions generated by the use of biofuels. The MethPanel has developed several proposals to address this issue, the last one being rejected at the 30th session of the EB, which took place from 21-23 Mar. 2007. This renewed rejection of potential solutions to the double counting problem is likely to lead to a further indefinite delay in approval of such methodologies: See agenda item 3(b) of the Executive Board of the Clean Development Mechanism Thirteenth Meeting Report, available at: http://cdm.unfccc.int/EB/O3O/eb3Orep.pdf accessed on 15 June 2007
    • The EB's divergence from the Methodologies Panel's (MethPanel) recommendations in approving methodologies is an example of such divergence in interpretations between the EB and its panels. A concrete example is the pending issue of addressing the double counting of emission reductions generated by the use of biofuels. The MethPanel has developed several proposals to address this issue, the last one being rejected at the 30th session of the EB, which took place from 21-23 Mar. 2007. This renewed rejection of potential solutions to the double counting problem is likely to lead to a further indefinite delay in approval of such methodologies: See agenda item 3(b) of the Executive Board of the Clean Development Mechanism Thirteenth Meeting Report, available at: http://cdm.unfccc.int/EB/O3O/eb3Orep.pdf (accessed on 15 June 2007).
  • 36
    • 44449112550 scopus 로고    scopus 로고
    • Pursuant to Decision 3/CMP.1, Annex, supra note 22, at para. 4(a). The EB reports are available at: http://cdm.unfccc.int. The latest report covers the period from end-Nov. 2005 to 21 July 2006 (accessed on 29 May 2007).
    • Pursuant to Decision 3/CMP.1, Annex, supra note 22, at para. 4(a). The EB reports are available at: http://cdm.unfccc.int. The latest report covers the period from end-Nov. 2005 to 21 July 2006 (accessed on 29 May 2007).
  • 37
    • 44449159185 scopus 로고    scopus 로고
    • Pursuant to Decision 3/CMP.1, Annex, supra note 22, Annex, paras 2-4.
    • Pursuant to Decision 3/CMP.1, Annex, supra note 22, Annex, paras 2-4.
  • 38
    • 44449111092 scopus 로고    scopus 로고
    • Ibid., para. 18.
    • Ibid., para. 18.
  • 39
    • 44449145302 scopus 로고    scopus 로고
    • See 'General Guidelines for Panels/Working Groups (version 02)'. see http://cdm.unfccc.int/Reference/Procedures/pndlguide.pdf for more information (accessed on 27 July 2007). The panels include the Accreditation Panel and the Methodologies Panel; the Working Groups assist the EB in matters relating to Afforestation and Small Scale Projects respectively. The CDM Registration and issuance Team (RIT) assists the EB to consider the requests for registration of project activities and the issue of CERS respectively that are submitted by DOEs.
    • See 'General Guidelines for Panels/Working Groups (version 02)'. see http://cdm.unfccc.int/Reference/Procedures/pndlguide.pdf for more information (accessed on 27 July 2007). The panels include the Accreditation Panel and the Methodologies Panel; the Working Groups assist the EB in matters relating to Afforestation and Small Scale Projects respectively. The CDM Registration and issuance Team (RIT) assists the EB to consider the requests for registration of project activities and the issue of CERS respectively that are submitted by DOEs.
  • 40
    • 44449104021 scopus 로고    scopus 로고
    • Netto and Schmidt, 'CDM Project Cycle and the Role of the UNFCCC Secretariat', in D. Freestone and C. Streck (eds), Legal Aspects of Implementing the Kyoto Protocol Mechanisms (2005), at 175.
    • Netto and Schmidt, 'CDM Project Cycle and the Role of the UNFCCC Secretariat', in D. Freestone and C. Streck (eds), Legal Aspects of Implementing the Kyoto Protocol Mechanisms (2005), at 175.
  • 41
    • 44449173372 scopus 로고    scopus 로고
    • More information about the UNFCCC Secretariat can be found at http://unfccc.int/secretariat/items/1629.php (accessed on 27 July 2007). It has been suggested that the in-depth review procedure of national communications under the UNFCCC (Arts 5, 7, and 8) gives the Secretariat a dominant position in evaluating and analysing Parties' national climate policies which strengthens the position of the Secretariat: See S. Oberthür and H.E. Ott, The Kyoto Protocol: International Climate Policy for the 21st Century (1999), at 249.
    • More information about the UNFCCC Secretariat can be found at http://unfccc.int/secretariat/items/1629.php (accessed on 27 July 2007). It has been suggested that the in-depth review procedure of national communications under the UNFCCC (Arts 5, 7, and 8) gives the Secretariat a dominant position in evaluating and analysing Parties' national climate policies which strengthens the position of the Secretariat: See S. Oberthür and H.E. Ott, The Kyoto Protocol: International Climate Policy for the 21st Century (1999), at 249.
  • 42
    • 44449119785 scopus 로고    scopus 로고
    • The DOE's scope of work is set out in Section E of 'Modalities and Procedures for a clean development mechanism', supra note 22. The criteria that a Project Design Document must meet are set out in Appendix B of Decision 3/CMP.1. supra note 22.
    • The DOE's scope of work is set out in Section E of 'Modalities and Procedures for a clean development mechanism', supra note 22. The criteria that a Project Design Document must meet are set out in Appendix B of Decision 3/CMP.1. supra note 22.
  • 43
    • 44449178176 scopus 로고    scopus 로고
    • is found in Section J of the Marrakesh Accords. A list of all accredited DOEs can be tound on the CDM website at
    • Information on the issue of CERs is found in Section J of the Marrakesh Accords. A list of all accredited DOEs can be tound on the CDM website at: http://cdm.unfccc.int/DOE/index.html.
    • Information on the issue of CERs
  • 44
    • 44449160739 scopus 로고    scopus 로고
    • To obtain the host country approval for CDM projects, most DNAs require the official Project Design Document (PDD, as well as compliance with local regulation. For Chile, Peru, Argentina, Ecuador, Honduras, Panama, and Korea, meeting these conditions is sufficient to demonstrate that the project contributes to sustainable development in the host country. Other countries have established additional sustainable development criteria that a CDM project has to comply with. Countries which require compliance with sustainable development criteria in addition to compliance with local environmental laws include Cambodia, Indonesia, the Philippines, Thailand, and Vietnam: Ministry of Foreign Affairs of Japan, FEALAC (Forum for East Asia-Latin America Cooperation, Analysis of the Present Situation and Future Prospects of the Clean Development Mechanism (CDM) in the FEALAC Member Countries, Study of EALAC for the 4th Economy and Society Working Group 7-8 June 2006, available at
    • To obtain the host country approval for CDM projects, most DNAs require the official Project Design Document (PDD), as well as compliance with local regulation. For Chile, Peru, Argentina, Ecuador, Honduras, Panama, and Korea, meeting these conditions is sufficient to demonstrate that the project contributes to sustainable development in the host country. Other countries have established additional sustainable development criteria that a CDM project has to comply with. Countries which require compliance with sustainable development criteria in addition to compliance with local environmental laws include Cambodia, Indonesia, the Philippines, Thailand, and Vietnam: Ministry of Foreign Affairs of Japan, FEALAC (Forum for East Asia-Latin America Cooperation), Analysis of the Present Situation and Future Prospects of the Clean Development Mechanism (CDM) in the FEALAC Member Countries, Study of EALAC for the 4th Economy and Society Working Group (7-8 June 2006), available at: www.mofa.go.jp/region/latin/fealac/index.html at 32.
  • 45
    • 44449144813 scopus 로고    scopus 로고
    • Point Carbon, Carbon 2008-Post 2012 is Now-, Oslo, 11 March 2008.
    • Point Carbon, Carbon 2008-Post 2012 is Now-, Oslo, 11 March 2008.
  • 46
    • 44449119292 scopus 로고    scopus 로고
    • The market segmentation in 2006 is as follows: Governments - 8%, Funds-34%, Private buyers-58%; K. Røine and H. Hasselknippe (eds).
    • The market segmentation in 2006 is as follows: Governments - 8%, Funds-34%, Private buyers-58%; K. Røine and H. Hasselknippe (eds).
  • 47
    • 44449151903 scopus 로고    scopus 로고
    • Carbon 2007 - A New Climate for Carbon Trading (2007), at 17, Fig. 3.17). According to this same report, private buyers are dominating the market as more companies see the value of project credits. Most of the governmental buyers are European countries (at 19).
    • Carbon 2007 - A New Climate for Carbon Trading (2007), at 17, Fig. 3.17). According to this same report, private buyers are dominating the market as more companies see the value of project credits. Most of the governmental buyers are European countries (at 19).
  • 48
    • 0033292680 scopus 로고    scopus 로고
    • From Local to Global Commons: Private Property, Common Property, and Hybrid Property Regimes: Grasping tor the Heavens: 3-D Property Rights and the Global Commons
    • See
    • See Yandle, 'From Local to Global Commons: Private Property, Common Property, and Hybrid Property Regimes: Grasping tor the Heavens: 3-D Property Rights and the Global Commons', 10 Duke Environmental L & Pol'y Forum (1999) 13
    • 10 Duke Environmental L & Pol'y Forum (1999) 13
    • Yandle1
  • 49
    • 44449174942 scopus 로고    scopus 로고
    • Streck and Zhang, 'Implementation of the Clean Development Mechanism in China: Sustainable Development, Benefit Sharing, and Ownership of Certified Emission Reductions', 16 Ybk Int'l Environmental L (2005) 259, at 264.
    • Streck and Zhang, 'Implementation of the Clean Development Mechanism in China: Sustainable Development, Benefit Sharing, and Ownership of Certified Emission Reductions', 16 Ybk Int'l Environmental L (2005) 259, at 264.
  • 50
    • 44449095943 scopus 로고    scopus 로고
    • Through the Linking Dir. (Dir. 2004/101/EC, OJ (2004) L 338/18), CERs would be eligible for use in Phase One ofthe EU ETS (2005-2007), while both CDM and JI credits would be eligible for Phase Two (2008-2012).
    • Through the Linking Dir. (Dir. 2004/101/EC, OJ (2004) L 338/18), CERs would be eligible for use in Phase One ofthe EU ETS (2005-2007), while both CDM and JI credits would be eligible for Phase Two (2008-2012).
  • 51
    • 44449159709 scopus 로고    scopus 로고
    • The general rule as stated in Art. 34 of the Vienna Convention on the Law of Threaties (VCLT), 1155 UNTS 331, is '[a] treaty does not create either obligations or rights for a third State without its consent'.
    • The general rule as stated in Art. 34 of the Vienna Convention on the Law of Threaties (VCLT), 1155 UNTS 331, is '[a] treaty does not create either obligations or rights for a third State without its consent'.
  • 52
    • 44449171814 scopus 로고    scopus 로고
    • The delegation of 'legislative' or rule-making power from the COP/MOP to the EB poses the thorny question of abdication of responsibility on the part of the COP/MOP, which has been given such powers by the Convention and the Protocol. The delegation of decison-making power to constituted bodies and subordinated panels would raises questions with respect to general principles of good governance, such as accountability. While the EB has not delegated any decision-making powers further, it is the role and authority of the EB itself and its accountability towards the COP/ MOP or any legitimized law-makers (i.e., the national governments) which is questionable.
    • The delegation of 'legislative' or rule-making power from the COP/MOP to the EB poses the thorny question of abdication of responsibility on the part of the COP/MOP, which has been given such powers by the Convention and the Protocol. The delegation of decison-making power to constituted bodies and subordinated panels would raises questions with respect to general principles of good governance, such as accountability. While the EB has not delegated any decision-making powers further, it is the role and authority of the EB itself and its accountability towards the COP/ MOP or any legitimized law-makers (i.e., the national governments) which is questionable.
  • 53
    • 44449089814 scopus 로고    scopus 로고
    • When governments and legislators which bind sovereign states through the process of signing and ratifying a legal instrument are put in put place through democratic elections and legitimatized through transparent and democratic processes, treaty law also provides for democratic legitimacy on the international level
    • When governments and legislators which bind sovereign states through the process of signing and ratifying a legal instrument are put in put place through democratic elections and legitimatized through transparent and democratic processes, treaty law also provides for democratic legitimacy on the international level.
  • 54
    • 33646394112 scopus 로고    scopus 로고
    • Good Governance at the Supranational Scale: Globalizing Administrative Law', 115
    • at
    • Esty, 'Good Governance at the Supranational Scale: Globalizing Administrative Law', 115 Yale LJ (2006)1490, at 1504.
    • (2006) Yale LJ , vol.1490 , pp. 1504
    • Esty1
  • 55
    • 44449104560 scopus 로고    scopus 로고
    • The conception that non-state actors are the regulated entities presents an evolution of international regulation away from a state-centric mode and towards a conception of global regulation of market actors, with states serving an intermediate position: Stewart, supra note 25, at 96, n. 11.Other examples can be found in the context of the WTO and the Montreal Protocol.
    • The conception that non-state actors are the regulated entities presents an evolution of international regulation away from a state-centric mode and towards a conception of global regulation of market actors, with states serving an intermediate position: Stewart, supra note 25, at 96, n. 11.Other examples can be found in the context of the WTO and the Montreal Protocol.
  • 56
    • 44449091861 scopus 로고    scopus 로고
    • Decision 9/CMP.1 Guidelines for the implementation of Article 6 of the Kyoto Protocol (hereinafter 'Decision 9/CMP.1'), Annex, para. 10
    • Decision 9/CMP.1 Guidelines for the implementation of Article 6 of the Kyoto Protocol (hereinafter 'Decision 9/CMP.1'), Annex, para. 10
  • 57
    • 44449172340 scopus 로고    scopus 로고
    • Decision 3/CMP.1, note 22
    • Decision 3/CMP.1, supra note 22,
    • supra
  • 58
    • 44449087768 scopus 로고    scopus 로고
    • Annex, para. 8(e). The EB has adopted rules of procedures that regulate their operations.
    • Annex, para. 8(e). The EB has adopted rules of procedures that regulate their operations.
  • 59
    • 44449108472 scopus 로고    scopus 로고
    • The procedure is based on CDM Modalities and Procedures, supra note 22
    • The procedure is based on CDM Modalities and Procedures, supra note 22,
  • 60
    • 44449139859 scopus 로고    scopus 로고
    • So far no objection to the candidates proposed by the regional groups has been recorded
    • Annex, paras 7 and 8. So far no objection to the candidates proposed by the regional groups has been recorded.
    • paras 7 and 8
    • Annex1
  • 61
    • 44449143808 scopus 로고    scopus 로고
    • Streck, 'The Governance of the Clean Development Mechanism - the Case for Strength and Stability', in D. Freestone and C. Streck (eds), 15(2) Special Issue, Environmental Liability Journal: The Kyoto Protocol - Current Legal Status of Carbon Finance and the Flexible Mechanisms (2007) 91.
    • Streck, 'The Governance of the Clean Development Mechanism - the Case for Strength and Stability', in D. Freestone and C. Streck (eds), 15(2) Special Issue, Environmental Liability Journal: The Kyoto Protocol - Current Legal Status of Carbon Finance and the Flexible Mechanisms (2007) 91.
  • 62
    • 44449161259 scopus 로고    scopus 로고
    • See also IETA, '2006 State of the CDM, IETA Position on the CDM for COP/ MOP2', available at: www.ieta.org/ieta/www/pages/getfile.php?docID=1931 (accessed on 25 July 2007). For discussion of the environmental integrity of the CDM see Meijer and Werksman, 'CDM-Concepts, Requirements and Project Cycle',in Freestone and Streck (eds), above, at 81.
    • See also IETA, '2006 State of the CDM, IETA Position on the CDM for COP/ MOP2', available at: www.ieta.org/ieta/www/pages/getfile.php?docID=1931 (accessed on 25 July 2007). For discussion of the environmental integrity of the CDM see Meijer and Werksman, 'CDM-Concepts, Requirements and Project Cycle',in Freestone and Streck (eds), above, at 81.
  • 63
    • 44449172866 scopus 로고    scopus 로고
    • IETA, 'Strengthening the CDM, Position Paper for COP 11 and COP/MoP 1', Position paper to COP12 COP/MOP 2, available at: www.ieta.org/ieta/www/ pages/getfile.php?docID=1132; IETA letter dated 6 Oct. 2006 to the Chain of the Executive Board regarding the communication with the Board and its panels;
    • IETA, 'Strengthening the CDM, Position Paper for COP 11 and COP/MoP 1', Position paper to COP12 COP/MOP 2, available at: www.ieta.org/ieta/www/ pages/getfile.php?docID=1132; IETA letter dated 6 Oct. 2006 to the Chain of the Executive Board regarding the communication with the Board and its panels;
  • 64
    • 44449089316 scopus 로고    scopus 로고
    • Background Paper for the Steering Committee Meeting, World Bank Carbon Finance Host Country Committee, available at:, accessed on 10 Aug. 2007
    • World Bank, Reforming the Clean Development Mechanism, Background Paper for the Steering Committee Meeting, World Bank Carbon Finance Host Country Committee, available at: http://carbonfinance.org/ Router.cfm?Page=DocLib&CatalogID=5668 (accessed on 10 Aug. 2007)
    • Reforming the Clean Development Mechanism
  • 66
    • 44449123456 scopus 로고    scopus 로고
    • The following list borrows heavily from Streck, supra note 47
    • The following list borrows heavily from Streck, supra note 47.
  • 67
    • 44449101012 scopus 로고    scopus 로고
    • Decision 3/CMP.1, note 22, Annex, para. 8f
    • Decision 3/CMP.1, supra note 22, Annex, para. 8(f).
    • supra
  • 68
    • 44449087266 scopus 로고    scopus 로고
    • A comparison of the list of EB members and the representatives of country DNAs (both listed on the UNFCCC website at: http://cdm.unfccc.int/index.html (accessed on 10 Aug. 2007) reveal the overlaps in responsibility. Reviewing the portfolios of the individuals within their national ministries, it also becomes clear that their responsibilities often cover all aspects of the CDM, including the purchase and sale of CERs on behalf of their respective countries.
    • A comparison of the list of EB members and the representatives of country DNAs (both listed on the UNFCCC website at: http://cdm.unfccc.int/index.html (accessed on 10 Aug. 2007) reveal the overlaps in responsibility. Reviewing the portfolios of the individuals within their national ministries, it also becomes clear that their responsibilities often cover all aspects of the CDM, including the purchase and sale of CERs on behalf of their respective countries.
  • 69
    • 44449134023 scopus 로고    scopus 로고
    • Meijer and Werksman, supra note 48.
    • Meijer and Werksman, supra note 48.
  • 70
    • 44449103029 scopus 로고    scopus 로고
    • Public Participation in CDM and JI Projects
    • D. Freestone and C. Streck eds, at
    • Eddy, 'Public Participation in CDM and JI Projects', in D. Freestone and C. Streck (eds), Legal Aspects of Implementing the Kyoto Protocol Mechanisms (2005), at 71, 79.
    • (2005) Legal Aspects of Implementing the Kyoto Protocol Mechanisms
    • Eddy1
  • 71
    • 44449165317 scopus 로고    scopus 로고
    • EB10 Annex 6 to the Second Annual Report of the Executive Board to the Clean Development Mechanism to the Conference of the Parties 2002-2003, section IV. number 54-65
    • EB10 Annex 6 to the Second Annual Report of the Executive Board to the Clean Development Mechanism to the Conference of the Parties (2002-2003)/ section IV. number 54-65.
  • 72
    • 44449113557 scopus 로고    scopus 로고
    • Para. 16 of the Annex to Decision 3/CMP.1 on modalities and procedures for a CDM, document FCCC/KP/CMP/2005/8/Add.1.
    • Para. 16 of the Annex to Decision 3/CMP.1 on modalities and procedures for a CDM, document FCCC/KP/CMP/2005/8/Add.1.
  • 73
    • 44449173902 scopus 로고    scopus 로고
    • The Board has further complied with its mandate to develop Rules of Procedure and has proposed these Rules which were adopted by the 8th session of the COP (2002) and the 1st session of the COP/MOP 2005, Rule 26 of the Rules and Procedures emphasizes that the rule of transparency applies to all the work of the EB, see Rules of Procedure of the Executive Board of the Clean Development Mechanism available at:, accessed on 20 June 2007
    • The Board has further complied with its mandate to develop Rules of Procedure and has proposed these Rules which were adopted by the 8th session of the COP (2002) and the 1st session of the COP/MOP (2005). Rule 26 of the Rules and Procedures emphasizes that the rule of transparency applies to all the work of the EB, see Rules of Procedure of the Executive Board of the Clean Development Mechanism available at: http://cdm.unfccc.int/Reference/COPMOP/08a01.pdf#page=31 (accessed on 20 June 2007).
  • 74
    • 44449141761 scopus 로고    scopus 로고
    • Ibid., Rule 27.
    • Ibid., Rule 27.
  • 75
    • 44449159187 scopus 로고    scopus 로고
    • The newly created 'Review and Issuance Team' has been created without any clear legal basis and, although it is highly influential, there is no international process of selecting and appraising its members, nor are the meetings of the team open the public.
    • The newly created 'Review and Issuance Team' has been created without any clear legal basis and, although it is highly influential, there is no international process of selecting and appraising its members, nor are the meetings of the team open the public.
  • 76
    • 44449123958 scopus 로고    scopus 로고
    • Supra note 6, at 29.
    • Supra note 6, at 29.
  • 77
    • 44449148654 scopus 로고    scopus 로고
    • Lord Hewart CJ in R v. Sussex Justices, ex parte McCarthy [1924] 1 KB 256.
    • Lord Hewart CJ in R v. Sussex Justices, ex parte McCarthy [1924] 1 KB 256.
  • 78
    • 44449085232 scopus 로고    scopus 로고
    • The UNFCCC secretariat has introduced the practice of counting the 90-dav period not from the moment of submission of the documents but from the moment the secretariat and the RIT consider the documents to be complete
    • The UNFCCC secretariat has introduced the practice of counting the 90-dav period not from the moment of submission of the documents but from the moment the secretariat and the RIT consider the documents to be complete. Misspellings or other minor issues can thus lead to significant delays in the registration process.
    • Misspellings or other minor issues can thus lead to significant delays in the registration process
  • 79
    • 44449167452 scopus 로고    scopus 로고
    • IETA, supra note 48
    • IETA, supra note 48.
  • 80
    • 44449153384 scopus 로고    scopus 로고
    • See e.g., ibid.
    • See e.g., ibid.
  • 81
    • 44449109435 scopus 로고    scopus 로고
    • This point is partly being address by an increasing number of professional UNFCCC secretariat staff. However, currentlv the UNFCCC staff is still new and does not possess the required institutional memory
    • This point is partly being address by an increasing number of professional UNFCCC secretariat staff. However, currentlv the UNFCCC staff is still new and does not possess the required institutional memory.
  • 82
    • 44449088267 scopus 로고    scopus 로고
    • Decision 27/CMP.1, Innex, Procedures and mechanisms relating to compliance under the Kyoto Protocol, sects IX and X.
    • Decision 27/CMP.1, Innex, Procedures and mechanisms relating to compliance under the Kyoto Protocol, sects IX and X.
  • 83
    • 44449167941 scopus 로고    scopus 로고
    • Meijer, supra note 25, at 925
    • Meijer, supra note 25, at 925.
  • 84
    • 44449087766 scopus 로고    scopus 로고
    • E.g, Decision 3/CMP.1, note 22, Annex, paras 16 and 23
    • E.g., Decision 3/CMP.1, supra note 22, Annex, paras 16 and 23.
    • supra
  • 85
    • 44449154655 scopus 로고    scopus 로고
    • Supra note 3
    • Supra note 3.
  • 86
    • 44449130307 scopus 로고    scopus 로고
    • Meijer, supra note 25. Meijer argues that the review of administrative CDM decisions by national courts should be possible. Assuming that the EB would be protected by judicial immunity, she proposes a lifting of such immunity for any decisions of administrative nature.
    • Meijer, supra note 25. Meijer argues that the review of administrative CDM decisions by national courts should be possible. Assuming that the EB would be protected by judicial immunity, she proposes a lifting of such immunity for any decisions of administrative nature.
  • 87
    • 44449171815 scopus 로고    scopus 로고
    • The authors thank Prof. Michael Bothe for makina the link between the CDM and the targeted sanctions of the UN
    • The authors thank Prof. Michael Bothe for makina the link between the CDM and the targeted sanctions of the UN.
  • 88
    • 44449088797 scopus 로고    scopus 로고
    • Hufbauer and Oegg, 'Targeted Sanctions. A Policy Alternativer?', Paper presented at symposium on 'Sanctions Reform? Evaluating the Economic Weapon in Asia and the World', 23 February 2000, available at: www.petersoninstitute.org/publications/papers/paper.cfm?ResearchID=371 (accessed on 27 July 2007).
    • Hufbauer and Oegg, 'Targeted Sanctions. A Policy Alternativer?', Paper presented at symposium on 'Sanctions Reform? Evaluating the Economic Weapon in Asia and the World', 23 February 2000, available at: www.petersoninstitute.org/publications/papers/paper.cfm?ResearchID=371 (accessed on 27 July 2007).
  • 89
    • 33847353826 scopus 로고    scopus 로고
    • and, eds, White Paper prepared by the Watson Institute Targeted Sanctions Project, Brown University, 30 Mar, Executive Summary, at
    • T. Birsteker and S. Eckert (eds), Strengthening Targeted Sanctions Through Fair and Clear Procedures, White Paper prepared by the Watson Institute Targeted Sanctions Project, Brown University, 30 Mar. 2006, Executive Summary, at 5.
    • (2006) Strengthening Targeted Sanctions Through Fair and Clear Procedures , pp. 5
  • 91
    • 85045024966 scopus 로고    scopus 로고
    • The European Response to Terrorism in an Age of Human Rights', 15
    • Warbrick, 'The European Response to Terrorism in an Age of Human Rights', 15 EJIL (2004) 989
    • (2004) EJIL , pp. 989
    • Warbrick1
  • 92
    • 30944443273 scopus 로고    scopus 로고
    • UN Targeted Sanctions, Legal Safeguards and the ECHR', 72
    • Cameron, 'UN Targeted Sanctions, Legal Safeguards and the ECHR', 72 Nordic J Int'l L (2003) 1
    • (2003) Nordic J Int'l L , pp. 1
    • Cameron1
  • 93
    • 44449173370 scopus 로고    scopus 로고
    • Managing Smart Sanctions Against Terrorism Wisely', 36
    • Fitzgerald, 'Managing Smart Sanctions Against Terrorism Wisely', 36 New England LR (2002) 957
    • (2002) New England LR , pp. 957
    • Fitzgerald1
  • 94
    • 44449147359 scopus 로고    scopus 로고
    • Effektiver Rechtsschutz gegen targeted sanctions des UN-Sicherheitsrats?
    • Schmahl, 'Effektiver Rechtsschutz gegen targeted sanctions des UN-Sicherheitsrats?' [2006] Europarecht 566
    • (2006) Europarecht , pp. 566
    • Schmahl1
  • 95
    • 44449145303 scopus 로고    scopus 로고
    • Aust and Naske, Rechtsschutz gegen den UN-Sicherheitsrat durch europäische Gerichte?', 61 Zeitschrift für Äussentliches Recht (2006) 587.
    • Aust and Naske, Rechtsschutz gegen den UN-Sicherheitsrat durch europäische Gerichte?', 61 Zeitschrift für Äussentliches Recht (2006) 587.
  • 96
    • 44449100518 scopus 로고    scopus 로고
    • Human Rights Watch, 'Sanctions Rules Must Protect Due Process', Mar. 2002, available at: http://hrw.org/english/docs/2002/03/04/ global5839.htm.
    • Human Rights Watch, 'Sanctions Rules Must Protect Due Process', Mar. 2002, available at: http://hrw.org/english/docs/2002/03/04/ global5839.htm.
  • 97
    • 44449134526 scopus 로고    scopus 로고
    • Ahmed Ali Yusuf & Al Barakaat International Foundation v. Council and Commission
    • Case T-306/01, ECR II-03533, relating to S/RES/1267 1999
    • Case T-306/01, Ahmed Ali Yusuf & Al Barakaat International Foundation v. Council and Commission [2005] ECR II-03533, relating to S/RES/1267 (1999)
    • (2005)
  • 98
    • 43549090807 scopus 로고    scopus 로고
    • Organisation des Modjahedines du people d'Iran v. Council of the European Union
    • Case T-228/02, ECR II-04665, relating to S/RES/ 1373 2001
    • Case T-228/02, Organisation des Modjahedines du people d'Iran v. Council of the European Union [2006] ECR II-04665, relating to S/RES/ 1373 (2001).
    • (2006)
  • 99
    • 44449136337 scopus 로고    scopus 로고
    • Council of the European Union, 'Basic Principles on the Use of Restrictive Measures (Sanctions)', 7 June 2004, Doc. No. 10198/1/04 PESC 450 REV 1
    • Council of the European Union, 'Basic Principles on the Use of Restrictive Measures (Sanctions)', 7 June 2004, Doc. No. 10198/1/04 PESC 450 REV 1
  • 100
    • 44449172868 scopus 로고    scopus 로고
    • cf. also Council of the European Union, 'Guidelines on implementation and evaluation of restrictive measures (sanctions) in the framework of the EU Common Foreign and Security Policy', 2 Dec. 2005, Doc. No. 15114/ 05 PESC 1084 Fin 475.
    • cf. also Council of the European Union, 'Guidelines on implementation and evaluation of restrictive measures (sanctions) in the framework of the EU Common Foreign and Security Policy', 2 Dec. 2005, Doc. No. 15114/ 05 PESC 1084 Fin 475.
  • 101
    • 44449179680 scopus 로고    scopus 로고
    • For UN targeted sanctions see supra note 72
    • For UN targeted sanctions see supra note 72.
  • 102
    • 44449145304 scopus 로고    scopus 로고
    • International Covenant on Civil and Political Rights Adopted and opened for signature, ratification and accession by GA Res 2200A (XXI) of 16 Dec. 1966; entry into force 23 Mar. 1976.
    • International Covenant on Civil and Political Rights Adopted and opened for signature, ratification and accession by GA Res 2200A (XXI) of 16 Dec. 1966; entry into force 23 Mar. 1976.
  • 103
    • 44449151425 scopus 로고    scopus 로고
    • For UN targeted sanctions see van den Herik and Schrijver, 'Human Rights Concerns in Current Targeted Sanctions Regimes from the Perspective of International and European Law', in Biersteker and Eckert, supra note 72, Executive Summary, at 8.
    • For UN targeted sanctions see van den Herik and Schrijver, 'Human Rights Concerns in Current Targeted Sanctions Regimes from the Perspective of International and European Law', in Biersteker and Eckert, supra note 72, Executive Summary, at 8.
  • 104
    • 44449141760 scopus 로고    scopus 로고
    • A/RES/60/1
    • A/RES/60/1/.
  • 105
    • 44449154656 scopus 로고    scopus 로고
    • S/PRST/2006/28
    • S/PRST/2006/28.
  • 106
    • 44449110424 scopus 로고    scopus 로고
    • Res 1617 (2005); 1730 (2006); 1735 (2006).
    • Res 1617 (2005); 1730 (2006); 1735 (2006).
  • 107
    • 44449119786 scopus 로고    scopus 로고
    • Concerning Al-Qaida and the Taliban, adopted on 7
    • Guidelines of the Security Council Committee Established Pursuant to Res 1267
    • Guidelines of the Security Council Committee Established Pursuant to Res 1267 (1999) Concerning Al-Qaida and the Taliban, adopted on 7 Nov. 2002, as amended; Guidelines of the Committee Established Pursuant to Res 1636 (2005).
    • (1999) 2002, as amended; Guidelines of the Committee Established Pursuant to Res , pp. 1636
  • 108
    • 44449159186 scopus 로고    scopus 로고
    • Biersteker and Eckert, supra note 72, Executive Summary, at 38.
    • Biersteker and Eckert, supra note 72, Executive Summary, at 38.
  • 109
    • 44449164295 scopus 로고    scopus 로고
    • is at:, accessed 10 Aug. 2007
    • Its of. cial website is at: www.wada-ama.org (accessed 10 Aug. 2007).
    • Its of. cial website
  • 110
    • 44449171813 scopus 로고    scopus 로고
    • Regulatory Features and Administrative Law Dimensions of the Olympic Movement's Anti-doping Regime, New York University School of Law
    • IILJ Working Paper 2005/11, at
    • A. Van Vaerenbergh, Regulatory Features and Administrative Law Dimensions of the Olympic Movement's Anti-doping Regime, New York University School of Law, IILJ Working Paper 2005/11, Global Administrative Law Series, at 4.
    • Global Administrative Law Series , pp. 4
    • Van Vaerenbergh, A.1
  • 112
    • 44449164798 scopus 로고    scopus 로고
    • Note by the Secretariat, 'Privileges and immunities for individuals serving on constituted bodies established under the Kyoto Protocol', FCCC/KP/COP/MOP/2005/6, paras 19 and 27.
    • Note by the Secretariat, 'Privileges and immunities for individuals serving on constituted bodies established under the Kyoto Protocol', FCCC/KP/COP/MOP/2005/6, paras 19 and 27.
  • 113
    • 44449103535 scopus 로고    scopus 로고
    • Van Vaerenbergh, supra note 86, at 18
    • Van Vaerenbergh, supra note 86, at 18.
  • 114
    • 44449099514 scopus 로고    scopus 로고
    • Ratliff, 'The PCA Environmental Arbitration and Conciliation Rules', 1(1) Transnat'l Dispute Management (Feb. 2004), available at: www.transnational-dispute-management.com/samples/freearticles/ tv1-1-roundup_12htm.
    • Ratliff, 'The PCA Environmental Arbitration and Conciliation Rules', 1(1) Transnat'l Dispute Management (Feb. 2004), available at: www.transnational-dispute-management.com/samples/freearticles/ tv1-1-roundup_12htm.
  • 115
    • 44449085706 scopus 로고    scopus 로고
    • FCCC/SBI/2006/21, Privileges and immunities for individuals serving on constituted bodies established under the Kyoto Protocol, supra note 88.
    • FCCC/SBI/2006/21, Privileges and immunities for individuals serving on constituted bodies established under the Kyoto Protocol, supra note 88.
  • 116
    • 44449175416 scopus 로고    scopus 로고
    • IBRD Res 93-10 and IDA Res 93-6, The World Bank Inspection Panel, was adopted by the Bank's Board of Executive Directors on 22 Sept. 1993. Also see the 'About Us' section on the Inspection Panel website at: www.worldbank.org/inspectionpanel (accessed on 10 Aug. 2007).
    • IBRD Res 93-10 and IDA Res 93-6, The World Bank Inspection Panel, was adopted by the Bank's Board of Executive Directors on 22 Sept. 1993. Also see the 'About Us' section on the Inspection Panel website at: www.worldbank.org/inspectionpanel (accessed on 10 Aug. 2007).
  • 117
    • 44449097465 scopus 로고    scopus 로고
    • Ibid., para. 2.
    • Ibid., para. 2.
  • 118
    • 44449139860 scopus 로고    scopus 로고
    • Ibid., para. 4.
    • Ibid., para. 4.
  • 119
    • 44449149125 scopus 로고    scopus 로고
    • Ibid., para. 5.
    • Ibid., para. 5.
  • 120
    • 44449156184 scopus 로고    scopus 로고
    • Ibid., para. 6.
    • Ibid., para. 6.
  • 121
    • 44449107965 scopus 로고    scopus 로고
    • Ibid., para. 8.
    • Ibid., para. 8.
  • 122
    • 44449130308 scopus 로고    scopus 로고
    • Ibid., para. 10.
    • Ibid., para. 10.
  • 123
    • 44449155676 scopus 로고    scopus 로고
    • See 'Panel Secretariat' section on the Inspection Panel website, supra note 92
    • See 'Panel Secretariat' section on the Inspection Panel website, supra note 92.
  • 124
    • 44449173903 scopus 로고    scopus 로고
    • Defined in the Resolution as 'an affected party in the territory of the borrower which is not a single individual (i.e., a community of persons such as an organization, association, society or other grouping of individuals)'.
    • Defined in the Resolution as 'an affected party in the territory of the borrower which is not a single individual (i.e., a community of persons such as an organization, association, society or other grouping of individuals)'.
  • 125
    • 44449121196 scopus 로고    scopus 로고
    • Ibid., para. 12.
    • Ibid., para. 12.
  • 126
    • 33748591059 scopus 로고    scopus 로고
    • Private Complainants and International Organizations: A Comparative Study of the Independent Inspection Mechanisms in International Financial Institutions', 36
    • at
    • Bradlow, 'Private Complainants and International Organizations: A Comparative Study of the Independent Inspection Mechanisms in International Financial Institutions', 36 Georgia J Int'l L (2005) 403, at 419.
    • (2005) Georgia J Int'l L , vol.403 , pp. 419
    • Bradlow1
  • 127
    • 44449084713 scopus 로고    scopus 로고
    • Art. 2 of the European Ombudsman Statute, adopted by Parliament on 9 Mar. 1994, OJ (1994) L 113/15, and amended by its decision of 14 Mar. 2002 deleting Arts 12 and 16, OJ (2002) L 92/13. The European Ombudsman Implementing Provisions were adopted on 8 July 2002 and amended by decision of the Ombudsman of 5 April 2004.
    • Art. 2 of the European Ombudsman Statute, adopted by Parliament on 9 Mar. 1994, OJ (1994) L 113/15, and amended by its decision of 14 Mar. 2002 deleting Arts 12 and 16, OJ (2002) L 92/13. The European Ombudsman Implementing Provisions were adopted on 8 July 2002 and amended by decision of the Ombudsman of 5 April 2004.
  • 128
    • 44449126493 scopus 로고    scopus 로고
    • Art/2(4) of the European Ombudsman Statute, supra note 103.
    • Art/2(4) of the European Ombudsman Statute, supra note 103.
  • 129
    • 44449165318 scopus 로고    scopus 로고
    • available at:, accessed on 27 June 2007
    • 'How to Complain', available at: www.ombudsman.europa.eu (accessed on 27 June 2007).
    • How to Complain
  • 130
    • 44449160740 scopus 로고    scopus 로고
    • Art. 3(1) of the European Ombudsman Statute, supra note 103
    • Art. 3(1) of the European Ombudsman Statute, supra note 103.
  • 131
    • 44449142773 scopus 로고    scopus 로고
    • Ibid., Art. 4(1).
    • Ibid., Art. 4(1).
  • 132
    • 44449093424 scopus 로고    scopus 로고
    • Ibid., Art. 4(3).
    • Ibid., Art. 4(3).
  • 133
    • 44449109904 scopus 로고    scopus 로고
    • Ibid., Art. 4(4).
    • Ibid., Art. 4(4).
  • 134
    • 44449173371 scopus 로고    scopus 로고
    • Ibid., Art. 5(1).
    • Ibid., Art. 5(1).
  • 135
    • 44449083670 scopus 로고    scopus 로고
    • Ibid., Art. 6(3).
    • Ibid., Art. 6(3).
  • 136
    • 44449123455 scopus 로고    scopus 로고
    • Art, Further, a copy of this report will be sent to the complainant and the institution concerned
    • Ibid., Art. 8(4). Further, a copy of this report will be sent to the complainant and the institution concerned.
    • Ibid , vol.8 , Issue.4
  • 137
    • 44449129298 scopus 로고    scopus 로고
    • Ibid., Art. 9(1) and (2)
    • Ibid., Art. 9(1) and (2)
  • 138
    • 44449143301 scopus 로고    scopus 로고
    • See the decisions of the 3rd session of the COP/MOP, among others, available at: http://unfecc.int/files/meetings/cop_13/application/pdf/ cmp_guid_cdm.pdf (accessed on 29 Dec. 2007).
    • See the decisions of the 3rd session of the COP/MOP, among others, available at: http://unfecc.int/files/meetings/cop_13/application/pdf/ cmp_guid_cdm.pdf (accessed on 29 Dec. 2007).
  • 139
    • 44449098001 scopus 로고    scopus 로고
    • The authors appreciate the attempts of the EB and the UNFCCC Secretariat to compile the relevant rules and decisions. This compilation has however led to a rather user-unfriendly search machine on the UNFCCC website which does not lead to significantly improved access to the relevent rules
    • The authors appreciate the attempts of the EB and the UNFCCC Secretariat to compile the relevant rules and decisions. This compilation has however led to a rather user-unfriendly search machine on the UNFCCC website which does not lead to significantly improved access to the relevent rules.
  • 140
    • 44449152406 scopus 로고    scopus 로고
    • Decision 3/CMP.1, supra note 22, Annex C.
    • Decision 3/CMP.1, supra note 22, Annex C.
  • 141
    • 44449122673 scopus 로고    scopus 로고
    • See below for similar rules applying to the members of the World Bank Inspection Panel
    • See below for similar rules applying to the members of the World Bank Inspection Panel.
  • 142
    • 44449111093 scopus 로고    scopus 로고
    • Annex 35 to the Report of the 23rd Meeting of the Executive Board, Additional Guidance Related to Registration Fee for Proposed Clean Development Mechanism Project Activities, available at: http://cdm.unfecc.int/EB/023/eb23_repan35.pdf.
    • Annex 35 to the Report of the 23rd Meeting of the Executive Board, Additional Guidance Related to Registration Fee for Proposed Clean Development Mechanism Project Activities, available at: http://cdm.unfecc.int/EB/023/eb23_repan35.pdf.
  • 143
    • 44449172867 scopus 로고    scopus 로고
    • See CDM statistics, available at:, accessed on 19 July 2007
    • See CDM statistics, available at: http://cdm.unfecc.int/Statistics/ index.html (accessed on 19 July 2007).
  • 145
    • 44449145826 scopus 로고    scopus 로고
    • Biersteker and Eckert, supra note 72, at 3.
    • Biersteker and Eckert, supra note 72, at 3.
  • 146
    • 44449172341 scopus 로고    scopus 로고
    • Art. 9(2) of tne European Ombudsman Statute, supra note 105
    • Art. 9(2) of tne European Ombudsman Statute, supra note 105.


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