Brandt, Urs Steiner; Svendsen, Gert Tinggaard - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2003
The purpose of this paper is to analyse whether the presence of Hot Air trading jeopardizes the environmental target of an international environmental agree-ment. We argue that Hot Air can be used as an implicit side-payment mecha-nism to actually bring about higher environmental protection...