Dutschke, Michael; Michaelowa, Axel; Stronzik, Marcus - HWWA Institut für Wirtschaftsforschung - 1998
A whole bundle of so-called "flexible mechanisms" has been foreseen by the Kyoto Protocol in order to help industrial countries to fulfill their agreed reduction targets in the most cost-effective way. Emission permits will act as the backbone of all market-orientated mechanisms. Therefore,...