Climate Economics

The tragedy of the commons is an important economic concept which is frequently used to describe the difficult task of
Bringing together the Clean Development Mechanism and Joint Implementation was the Kyoto emissions trading system. This was a system in
Joint Implementation (JI) is the second of the Kyoto protocol’s reduction incentives. Like the CDM, it is a way of
The Clean Development Mechanism (CDM) works to reward developed countries who aid developing countries in their sustainable development. It does