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Revista Facultad de Ingeniería Universidad de Antioquia
versión impresa ISSN 0120-6230versión On-line ISSN 2422-2844
Resumen
RESTREPO, Piedad Patricia; TOBON, David y FLOREZ, Jorge Hernán. Institutionality around the carbon markets and the mechanisms established by the Kyoto Protocol. Rev.fac.ing.univ. Antioquia [online]. 2008, n.46, pp.46-57. ISSN 0120-6230.
This article presents an approach to the institutions and regulations derived from the UNFCCC and the Kyoto Protocol. It is analyzed the performance of emission reductions markets during its three years of operations, mainly the instability of prices in European markets and their relationships with CERs, which are issued because of the projects from de Clean Development Mechanism (CDM) from developing countries. The article also establishes the achievements and limitations of CDM as well as the perspectives of these markets and its opportunities.
Palabras clave : Kyoto Protocol; emissions reduction markets; clean development mechanism; EUAs; CERs.