Tragedy of the Commons
An economic concept describing the destructive incompatibility of shared resources and self-interest.
Categories
Economic Concepts
Joint Implementation
The second of the Kyoto protocol’s reduction incentives. It issues tradable carbon allowances for Article I countries to trade, additionally encouraging Annex I countries to host projects in one another.
Categories
Economic Concepts
The Clean Development Mechanism
The CDM rewards developed countries who aid developing countries in their sustainable development, by issuing sustainable development projects with Certified Emissions Reductions (CER).
Categories
Economic Concepts/Key Terms and Agreements