
Tragedy of the Commons
An economic concept describing the destructive incompatibility of shared resources and self-interest.
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Economic Concepts
An economic concept describing the destructive incompatibility of shared resources and self-interest.
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.
The CDM rewards developed countries who aid developing countries in their sustainable development, by issuing sustainable development projects with Certified Emissions Reductions (CER).