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Transaction costs and the clean development mechanism

โœ Scribed by Bruce P. Chadwick


Book ID
111222941
Publisher
Wiley (Blackwell Publishing)
Year
2006
Tongue
English
Weight
494 KB
Volume
30
Category
Article
ISSN
0165-0209

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Transaction costs, institutional rigidit
โœ Axel Michaelowa; Frank Jotzo ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 257 KB

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, projec