“…Nordhaus & Boyer, 1999;Weyant & Hill, 1999) and environmental impacts (e.g. Barrett, 1998), analysis of the performance of the CDM (Castro & Michaelowa, 2008;Haya, 2009;Schneider, 2009;Wara & Victor, 2008) and JI (Kollmuss, Schneider, & Zhezherin, 2015;Shishlov, Bellassen, & Leguet, 2012;Zhenchuk, 2012), the use of Kyoto units under the EU Emissions Trading Scheme (EU ETS, Stephan, Bellassen, & Alberola, 2014), carbon accounting in the CDM (Shishlov & Bellassen, 2015;Warnecke, 2014) and its contribution to sustainable development (Boyd et al, 2009;Gupta, van Beukering, van Asselt, van der Gaast, & de Jong, 2008;Haya & Parekh, 2011;Schneider, 2007), to name only a few.…”