The „first track“ of Joint Implementation under the Kyoto Protocol gives host and investor countries total freedom in choosing a baseline for a project reducing or sequestering greenhouse gases. This is due to the fact that an overly generous granting of emission credits leads to a...

The interest in global environmental problems has - in particular in the wake of the UN Conference on Environment and Development in Rio in 1992 - increased substantially, in both the theoretical and the practical sense. This may be bound up with the growing pressure stemming from still unsolved...