Spanish Abstract: Los mercados de carbono surgieron como consecuencia de los resultados obtenidos por Naciones Unidas en la lucha contra los efectos producidos por el Cambio Climático. Resulta clave el trabajo llevado a cabo por la Convención Marco de Naciones Unidas para el Cambio Climático...

Expectations concerning international climate finance have increased considerably. In particular, provisions for international transfer schemes are an important element in the Paris Agreement. Yet, climate finance is not only seen as a tool to efficiently combat global warming, but also to solve...

Transaction costs and risk have generally not been taken into account in assessing the Kyoto mechanisms JI, CDM and emissions trading. However, they can have a significant influence. With regard to the project-based mechanisms, the factor that most determines the influence of transaction costs...

Much of the guidance about potential impacts of reduce emissions from deforestation and degradation (REDD) speculates how efforts would be implemented and draws lessons from other mechanisms, such as payments for ecosystem services (PES). However, with few REDD activities underway, little...

Trajectories of human conflict have direct and indirect impacts on biodiversity and ecosystem function. These occur across terrestrial, marine and freshwater systems via the well-established drivers of biodiversity loss; land and sea-use change, climate change, overexploitation, pollution and...

The US has repeatedly criticized the lack of „meaningful participation“ of developing countries in the Kyoto Protocol. I discuss the course of negotiations on developing country participation between the conferences at Kyoto in 1997 and Marrakech in 2001. The reluctance of developing...

This paper quantifies the macroeconomic impacts of the Clean Development Mechanism (CDM) under the Kyoto Protocol based on a computable general equilibrium (CGE) model of international trade and energy use. Employing project-based CDM supply data we assess the relative importance of transaction...

In the last two decades increasing attention has been paid to the relationship between environmental degradation and economic development. According to the Environmental Kuznets Curve (EKC) hypothesis this relationship may be described by an inverted-U curve. However, recent evidence rejects the...

In the last two decades increasing attention has been paid to the relationship between environmental quality and economic development. According to the Environmental Kuznets Curve (EKC) hypothesis this relationship may be described by an inverted-U curve. However, recent evidence rejects the EKC...

This paper assesses the impact of the Kyoto Protocol on CO2 emissions. With this aim a dynamic panel data model is estimated for a cross-section of 213 countries over the period 1960 to 2009. The model, based on a STIRPAT approach, also integrates the EKC approach and specifically considers the...