IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Carbon Market: Business Incentives For Sustainability

Listed author(s):
  • Conejero, Marco Antonio
  • Farina, Elizabeth Maria Mercier Querido
Registered author(s):

    The Protocol resulting from the 1997 Conference of Parties in Kyoto finally set emission caps for several developed countries and introduced the possibility of market creation mechanisms on carbon emission trading. The Clean Development Mechanism (CDM) was then created for emission trading between countries with caps and those with no caps. The CDM market will pursue the opportunities for lowest costs on carbon reductions available in each country with no emission target, as is the case of Brazil. The positive differentials of Brazil will only be realized if there is, mainly in national terms, a favorable atmosphere to the development of new business and the proper importance to the environmental commitments of reduction of the greenhouse effect. The excess of bureaucracy and governmental controls added to the lack of a policy and of a clear institutional guidance of support to the consistent initiatives of CDM projects. They are decisive obstacles for the achievement of the potentialities and for a good position of Brazil in the trade of CERs. Making use of the teachings of Nobel Prize Ronald Coase, this paper has as a goal to show the necessary institutional conditions for Brail to make use of the development from this market.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by International Food and Agribusiness Management Association (IFAMA) in its journal International Food and Agribusiness Management Review.

    Volume (Year): 05 (2003)
    Issue (Month): 04 ()

    in new window

    Handle: RePEc:ags:ifaamr:34415
    Contact details of provider: Postal:
    1010 Vermont Avenue, Suite 201, Washington, DC 20005, USA

    Phone: 1 (202) 429-1610
    Web page:

    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    in new window

    1. Barzel,Yoram, 1997. "Economic Analysis of Property Rights," Cambridge Books, Cambridge University Press, number 9780521597135, May.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ags:ifaamr:34415. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.