Market mechanisms are increasingly being considered as a tool for allocating somewhat scarce but unpriced rights and resources, such as air and water. Tradable permits have emerged as the most cost--effective measure leading to the emergence of both nationwide (SO2) and supranational (CO2) emission permits markets. By means of the dynamic optimization of companies which are covered by such environmental regulations, it develop an endogenous model for the emission permit spot price dynamics that account also for the presence of asymmetric information.

This paper presents three case studies of Ukrainian Joint Implementation (JI) projects. The analysis is based on interviews with project stakeholders and public presentations of the case projects. The main questions in focus are: what are the typical JI projects in Ukraine?; what similarities and differences are there between the case projects?; how has the financing of the projects been arranged?; have they been implemented, and how long did it take to launch a project?; and have the same problems or barriers been experienced in all cases?

This book concentrates on transactions involving forward carbon credits, in other words transactions where the parties to a contract agree to buy or sell carbon credits to be generated and delivered in the future. As a result, it does not deal either with transactions involving carbon credits already issued for immediate delivery on the spot market or with derivatives in the form of option contracts or future contracts through the developing exchange markets.

There is dramatic evidence that various Greenhouse Gases are responsible for Global Warming and climate change. This present study discusses the potential of Organic Agriculture both to avoid and to sequester Greenhouse Gases (GHG), and makes comparisons with conventional agriculture.

Nations adopt a diluted agreement at Bonn on implementing the Kyoto Protocol. 180 countries finally reached an agreement on the rules to implement the international treaty to combat global warming giving away too many concessions to polluting countries

More and more people are waking up to the need for an international climate regime based on the principle of per capita entitlements to the atmosphere

During the second week of the meeting, it became clear that there were four main areas of contention. In climate jargon, these were: sinks, supplemen

The stage seemed set for another climate meeting to serve the economic interests of the US better than the threat of global warming

This study looks at the linkages between dams and climate change. It analyses the climate change legal regime as represented by the UN Framework Convention on Climate
Change and its Kyoto Protocol and attempts to highlight the relevance of its provisions, decisions and processes to the planning, appraisal, design, construction, operation and

The concept of joint implementation as a way to implement climate change mitigation projects in another country has been controversial ever since its inception. Developing countries have raised numerous issues at the project-specific technical level, and broader concerns having to do with equity and burden sharing.