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New market mechanisms : prerequisites for implementation

  • 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.

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Metadaten
Document Type:Peer-Reviewed Article
Author:Wolfgang Sterk, Florian Mersmann
Year of Publication:2012
Language:English
Source Title (English):Carbon and climate law review
Issue:2
First Page:384
Last Page:395
Division:Energie-, Verkehrs- und Klimapolitik
Dewey Decimal Classification:320 Politik