Is the global carbon market working?

Article metrics

The Clean Development Mechanism can be viewed not only as a market, but also as a subsidy and a political mechanism. Michael Wara argues that it has been most effective, so far, in achieving its political goals.

Access optionsAccess options

Rent or Buy article

Get time limited or full article access on ReadCube.

from$8.99

All prices are NET prices.

References

  1. 1

    DEFRA EU Emissions Trading Scheme, UK National Allocation Plan at http://www.defra.gov.uk/phaseII-nap.pdf (2006).

  2. 2

    Victor, D. G., House, J. & Joy, S. Science 309, 1820–1821 (2005).

  3. 3

    Energy Information Administration International Energy Outlook 2006 at http://www.eia.doe.gov/oiaf/ieo/index.html (2006).

  4. 4

    Wara, M. Measuring the Clean Development Mechanism's Performance and Potential at http://pesd.stanford.edu/publications/cdm (2006).

  5. 5

    Heller, T. C. & Shukla, P. R. Development and Climate: Engaging Developing Countries (Pew Center on Global Climate Change, Arlington, 2003).

  6. 6

    Jackson, M., Joy, S., Heller, T. C. & Victor, D. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from India and China at http://pesd.stanford.edu/publications/deals/ (2006).

Download references

Author information

Additional information

See Business, page 584 .

Rights and permissions

Reprints and Permissions

About this article

Further reading

Comments

By submitting a comment you agree to abide by our Terms and Community Guidelines. If you find something abusive or that does not comply with our terms or guidelines please flag it as inappropriate.