by M.G.J. den Elzen, M. Roelfsema and S. Slingerland
- This report analyses the effects of various strategies of dealing with surplus emission allowances or assigned amount units (AAUs), often known as 'hot air', in the Copenhagen negotiations. The environmental, financial and negotiation consequences of 'hot air' are analyzed. This high-profile topic in the Copenhagen negotiations is relevant, in particular, with respect to the Russian negotiation position, as this country is by far the largest holder of AAUs.
Elzen, M.G.J. den, M. Roelfsema and S. Slingerland (2009). "Too Hot to Handle? The Emission Surplus in the Copenhagen Negotiations." PBL Report no. 500114016, Dec 2009.