Michaelowa, Axel; Stronzik, Marcus; Eckermann, Frauke; … - In: Climate Policy 3 (2003) 3, pp. 261-278
Transaction costs will reduce the attractiveness of the Kyoto Mechanisms compared to domestic abatement options. Especially the project-based mechanisms Clean Development Mechanism (CDM) and Joint Implementation (JI) are likely to entail considerable costs of baseline development, verification...