Today, climate change is among the most hotly-debated topics worldwide. The Clean Development Mechanism (CDM), one of the three financial mechanisms under the Kyoto Protocol open to developing and developed countries, was devised to assist in mitigation of global warming. Since it was initiated,...

Using a theoretical framework, we explain the impact of the Clean Development Mechanism (CDM) on emissions in Annex I and non-Annex I countries. We show that on one hand, emissions in the non-Annex I country decline because of abatement sponsored by the Annex I country under the CDM; on the...

Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) is a milestone towards global carbon mitigation efforts which resulted in the establishment of carbon markets. Pakistan has ratified Kyoto Protocol in 1997 and implemented it in 2005. It contributes towards...

The Clean Development Mechanism (CDM) is a mechanism defined in the Kyoto protocol that incentivizes parties to the protocol to fund sustainable development projects in countries that are not party to the protocol. We analyze a target contract financing structure for different CDM projects in...

Este trabalho analisa a questão ambiental presente nas políticas públicas para a região amazônica, incluindo a Lei de Gestão de Florestas Públicas (Lei 11.284/06), sancionada com o objetivo de regulamentar a gestão de florestas públicas no Brasil e promover o desenvolvimento...

Using a theoretical framework, we explain the impact of the Clean Development Mechanism (CDM) on emissions in Annex I and non-Annex I countries. We show that on one hand, emissions in the non-Annex I country decline because of abatement sponsored by the Annex I country under the CDM; on the...

Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) is a milestone towards global carbon mitigation efforts which resulted in the establishment of carbon markets. Pakistan has ratified Kyoto Protocol in 1997 and implemented it in 2005. It contributes towards...