Jacob Weksman, Kevin A. Baumert and Navroz K. Dubash Rules governing the global environment and the international economy are currently decided in separate arenas. Yet, environmental agreements can have strong economic implications, particularly with the growing use of market mechanisms. Economic liberalization rules, meanwhile, may limit the effectiveness of environmental agreements. This Climate Note assesses the potential interaction between one important market-based environmental mechanism - the Clean Development Mechanism (CDM) - and the framework of international investment law. April 2001 / 20 pages Full Text PDF |
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