TY - JOUR U1 - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed) A1 - Sterk, Wolfgang A1 - Mersmann, Florian T1 - New market mechanisms : prerequisites for implementation N2 - The Durban conference decided to establish a new market-based mechanism that is to cover a broad segment of a country's economy. The implementation details are to be agreed at this year's conference in Qatar. The question is, however, which developing countries would actually be able to implement such a new mechanism. The introduction of the EU emission trading system highlighted the many challenges that even advanced developed countries face when establishing a carbon market. This paper by Wolfgang Sterk and Florian Mersmann therefore aims to explore the essential prerequisites for the implementation of new market mechanisms (NMM). In addition to a theoretical discussion it considers the cases of China and Mexico. T2 - Carbon & climate law review Y1 - 2012 IS - 2 SP - 384 EP - 395 ER -