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Carbon Market: Business Incentives For Sustainability

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  • Conejero, Marco Antonio
  • Farina, Elizabeth Maria Mercier Querido

Abstract

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.

Suggested Citation

  • Conejero, Marco Antonio & Farina, Elizabeth Maria Mercier Querido, 2003. "Carbon Market: Business Incentives For Sustainability," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 5(4), pages 1-16.
    • Handle: RePEc:ags:ifaamr:34415
    DOI: 10.22004/ag.econ.34415
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    References listed on IDEAS

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    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Barzel,Yoram, 1997. "Economic Analysis of Property Rights," Cambridge Books, Cambridge University Press, number 9780521597135, February.
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    Cited by:

    1. Imori, Denise & Guilhoto, Joaquim José Martins & David, Leticia Scretas & Gutierre, Leopoldo Millan & Waisman, Caio, 2011. "The development of the brazilian amazon region and greenhouse gases emission: a dilemma to be faced!," MPRA Paper 31132, University Library of Munich, Germany.
    2. Detre, Joshua D. & Gunderson, Michael A., 2011. "The Triple Bottom Line: What is the Impact on the Returns to Agribusiness?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(4), pages 1-14, November.
    3. Imori, Denise & Guilhoto, Joaquim José Martins & David, Letícia Scretas & Gutierre, Leopoldo Millan & Waisman, Caio, 2011. "Regional development and greenhouse gases emission: the case of the Amazon Region," MPRA Paper 40606, University Library of Munich, Germany.
    4. Denise Imori & Joaquim Josè Martins Guilhoto & Caio Waisman, 2018. "Regional Development And Greenhouse Gas Emissions: The Case Of The Amazon Region," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(02), pages 483-512, March.

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