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. For this culture to emerge, and for banks and other institutions from all over the world to locate in this place, several … behind the rise and fall of markets are poorly understood. Given the present dramatic changes in the world financial system …
Persistent link: https://www.econbiz.de/10010295362
enhance both integration into the regional and world markets. Prominent candidates for such policies are the build-up of … estimates by the World Bank (1994) about 60 billion US$ would have to be invested in infrastructure up to the year 2000 to …
Persistent link: https://www.econbiz.de/10010295364
Greenhouse gas (GHG) removals by afforestation and reforestation project activities under the Kyoto Protocol's Clean Development Mechanism (CDM) are vulnerable to a variety of risks and uncertainties, resulting in the partial or total reversal of such removals. Hence, GHG removals from these...
Persistent link: https://www.econbiz.de/10010295368
The details on rules and modalities for the inclusion of forestry projects in the Clean Development Mechanism (CDM) are one of the last non resolved implementation issues of the Kyoto Protocol. We examine in detail the implications of different policy decisions concerning the inclusion of CDM...
Persistent link: https://www.econbiz.de/10010295374
After Future climate policy regimes may be based on the Kyoto-Protocol or on other policy instruments such as carbon-taxes. Any effective regime based on the Protocol requires the determination of the concrete contributions by each Party. This involves namely the time of contribution and the...
Persistent link: https://www.econbiz.de/10010295386
Economic models suggest that in many cases, market leakage rates of greenhouse gas abatement reach the two-digit percentage range. Consequently, the Marrakesh Accords require Clean Development Mechanism (CDM) projects to account for leakage. Despite this, most project proponents neglect market...
Persistent link: https://www.econbiz.de/10010295395
Emission trading has become recently more and more import in environmental regulation. In the context of controlling greenhouse gas emissions, the directive on a Europewide trading scheme for large immobile sources may be perceived as one of the most important milestones in recent years. Prior...
Persistent link: https://www.econbiz.de/10010295400
Cities are not affected by global climate policy and the Kyoto Protocol – however many of them engage in voluntary activities. This paper analyses how communities in general and especially the city of Hamburg can contribute to global climate protection in their citypartnerships according to...
Persistent link: https://www.econbiz.de/10010295413
The World Bank is a prestigious and large international financial institution. Since its foundation it has widened the … scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods … more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank …
Persistent link: https://www.econbiz.de/10010295425
As GHG emissions did not decline as anticipated early of the 1990ties Carbon Capture and Storage (CCS) recently gained more and more attention as a climate change mitigation option. However, CO2 suppressed in geological reservoirs is likely to lead to future releases of the CO2 stored. This...
Persistent link: https://www.econbiz.de/10010295436