New Market Mechanisms: Prerequisites for Implementation
April, 2012. Wolfgang Sterk and Florian Mersmann. JIKO Policy Paper 1/2012. Wuppertal Institute for Climate, Environment and Energy GmbH, Germany. 31 pages
The Durban conference decided to establish a new market-based mechanism that is to cover a broad segment of a country’s economy. The implementation details are to be agreed at this year’s conference in Qatar. The question is, however, which developing countries would actually be able to implement such a new 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.
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Keywords: b. International Policy, Other Publications, Africa, Asia, China, COP, Latin America, Mexico, New market mechanism, NMM, policies