Transaction costs will reduce the attractiveness of the Kyoto Mechanisms compared to domestic abatement options. Especially the project-based mechanisms CDM and JI are likely to entail considerable costs of baseline development, verification and certification. The AIJ pilot phase and the PCF...

China has had an enormous growth of energy and electricity consumption during the last decades. This has been fuelled primarily by using domestic coal resources. Until 1997, annual construction of power stations averaged around 15 GW which was not sufficient to alleviate the demand surplus....

The countries wishing to join the EU have a high potential for low cost greenhouse gas emission reduction. As they cannot join the "bubble" agreement for the first commitment period of the Kyoto Protocol, project-based Joint Implementation (JI) could be a powerful strategy to integrate accession...

The EU has been a leader in international climate policy. However, due to activities of interest groups, domestic action, an area which the EU has strongly defended, is proving difficult to carry out, particularly for cohesion member states. Although their behaviour resembles free-riding, at...

The environmental integrity of the CDM under the Kyoto Protocol depends on the possibility to avoid giving emission credits to projects that would have happened anyway. Whether and how "Investment Additionality" of CDM projects has to be determined is currently part of climate negotiations. We...

Klimapolitik ist aufgrund der Vielfalt der direkt betroffenen Akteursgruppen, ihrer globalen Reichweite und ihres extrem langen Zeithorizonts besonders anfällig für Verzerrungen durch Interessengruppen. Daher ist die Theorie der Neuen Politischen Ökonomie gut geeignet, die klimapolitische...

Zertifikatemärkte für grünen Strom (erneuerbare Energien) und CO2-Emissionen wurden bisher in der Literatur überwiegend isoliert betrachtet. Wir analysieren für den Elektrizitätssektor die Implikationen eines Zusammenwirkens (Koexistenz) beider Märkte. Es werden zwei Fälle der Koexistenz...

Das Kyoto-Protokoll zur UN-Klimarahmenkonvention setzt verbindliche Treibhausgasemissionsziele f�r Industriel�nder, die allerdings erst im Zeitraum 2008-2012 gelten. Da f�r die Zeit bis 2008 mit einem erheblichen Emissionsanstieg zu rechnen ist, wird �ber Ans�tze nachgedacht, schon...

Joint Implementation (JI) is a potentially powerful instrument of climate policy that could lead to a high amount of additional financial flows to developing countries. Nevertheless, many NGOs and developing country representatives are very skeptical about JI and fear that it would not take into...