The Durban conference decided to establish a new market based mechanism that is to cover a broad segment of a country’s economy. The question is, however, which developing countries would actually be able to implement such a mechanism. The introduction of the EU emission trading system highlighted the many challenges that even advanced developed countries face when establishing a carbon market. This paper therefore, aims to explore the essential prerequisites for the implementation of new market mechanisms (NMM). In addition to a theoretical discussion it considers the cases of China and Mexico.
This summary was prepared by Eldis.
Many economists and policy makers advocate a fundamental shift towards “green growth” as the new, qualitatively-different growth paradigm, based on enhanced material/resource/energy efficiency and drastic changes in the energy mix.
This Working Paper analyses opportunities and threats for low-income countries, and the business case for low carbon investment. The study sets out to answer the following questions:
This joint study by the International Labour Organisation (ILO) and the United Nations Environment Programme (UNEP) highlights that the transformation to a greener economy could generate 15 to 60 million additional jobs globally over the next two decades and lift tens of millions of workers out o
This report maps existing and emerging carbon pricing initiatives around the world. It does not provide a quantitative, transaction-based analysis of the international carbon market since current market conditions invalidate any attempt to undertake such an analysis.