Brandt, Urs Steiner; Svendsen, Gert Tinggaard - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2003
The purpose of this paper is to analyse whether the presence of Hot Air trading jeopardizes the environmental target of … an international environmental agree-ment. We argue that Hot Air can be used as an implicit side-payment mecha-nism to … reduction technologies. Implicit side-payments, in terms of Hot Air provision, may be needed in order to establish a compromise …