Transaction costs, institutional rigidities and the size of the clean development mechanism
Michaelowa, Axel; Jotzo, Frank
Description
Transaction costs and institutional rigidities will reduce the attractiveness of the Kyoto Protocol flexibility mechanisms compared to domestic greenhouse gas abatement options. The clean development mechanism (CDM) in particular is likely to entail considerable costs of baseline development, project registration, verification and certification. The activities implemented jointly pilot phase and the prototype carbon fund programme give indications about these costs. There is evidence that...[Show more]
Collections | ANU Research Publications |
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Date published: | 2005 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/85563 |
Source: | Energy Policy |
DOI: | 10.1016/j.enpol.2003.08.016 |
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01_Michaelowa_Transaction_costs,_2005.pdf | 257.29 kB | Adobe PDF | Request a copy |
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