Belarus has been at the margin of the Kyoto and Joint Implementation discussion so far. The presumption of investors may be that the same problems experienced with the Russian and Ukrainian governments and JI approval systems would be repeated with Belarus, just with the addition of the practical and political
difficulties related to cooperation with an authoritarian regime. However, Belarus has recently initiated a novel process to join the Annex B of the Kyoto Protocol in order to become eligible to trade.

This paper focuses on:

  • Why Belarus wants to join the Annex B of the Kyoto Protocol;
  • The potential of the Belarusian amendment to the Annex B of the Kyoto Protocol to succeed;
  • Belarusian preparedness and strategies on the Kyoto mechanisms; and
  • Issues for and against the Belarusian participation in the Kyoto mechanisms during the first commitment period.