Joint Implementation (JI) is a potentially powerful instrument of climate policy that could lead to a high amount of additional financial flows to developing countries. Nevertheless, many NGOs and developing country representatives are very skeptical about JI and fear that it would not take into...

This article addresses the question of how Brazil, Costa Rica, and Colombia came to decide on their climate change mitigation strategies, which are based on market-oriented policies. The analysis compares Brazilian bioethanol, Costa Rican renewable energy, and Colombia's clean development...