Delayed Compliance Overview
{"Image DocumentName": "Delayed Compliance Overview", "Image ImageDescription": "Where a Party does not comply with their emission ceilings, this flexibility mechanism gives a new target year with more stringent ceilings. Typically, the more stringent ceiling is derived from the extent to which the Party exceeded the original ceiling. There are parallels with the system that is used in greenhouse gas emissions where adjustments are made to national inventories (corrections are applied to inventories, but a conservativeness factor is used which typically results in emissions being corrected to values higher than they would have been if best practice had been used in the first place). This mechanism therefore provides Parties with more time to comply with ceilings, whilst also applying a penalty rate to the ceiling recalculations to ensure the lowering of the ceilings when a Party does not comply. This could potentially promote a faster rate of emissions reduction in the long run. This mechanism is suited to national situations where mitigation measures have been taken, but the resulting impact on reducing emissions has been slower to develop than originally planned. It may also support the release of funds to invest in further abatement, where pending non-compliance proceedings are a plausible outcome.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}