000			01071pab a2200157 454500
008			180718b2001 xxu||||| |||| 00| 0 eng d
100			_aRepetto, Robert
245			_aThe clean development mechanism: institutional break through or institutional nightmare?
260			_c2001
300			_ap.303-27
362			_aDec
520			_aThe Clean Development Mechanism, defined in Article XII of the Kyoto Protocol to the UN Framework Convention on Climate Change, is a crucial instrument to enlist developing countries' participation in emissions limitation, to reduce industrialized countries' compliance costs and the facilitate resource and technology transfers. However, the CDM contains perverse compliance incentives and is beset with problems of credit definition, monitoring, enforcement, and potentially high transactions costs. This paper defines some important design safeguards and suggests an alternative approach should the Kyoto Protocol eventually be renegotiated. - Reproduced.
650			_aClimatic change
773			_aPolicy Sciences
909			_a51010
999			_c51010 _d51010