The Clean Development Mechanism (CDM) was originally seen as an instrument with a bilateral character where an entity from an industrialised country invests in a project in a developing country (DC). Also, multilateral funds were envisaged that would bundle investments to spread project risks....

During the last few decades, general awareness has increased that along with problems of international development, environmental problems, notably with respect to climate change, represent yet another global challenge. In an attempt to win further public support for aid expenditures, aid...

The Gatt Uruguay Round was finally brought to a conclusion in April following long-drawn-out negotiations. What changes are contained in the new agreements? How should we rate these changes? How important will the future World Trade Organization (WTO) be?