Vitreous Surgery

Humphrey, William T.

doi:10.1001/archopht.1971.01000010672010

Cited by 6 publications

(2 citation statements)

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“…Moreover, market participants must comply with governance mechanisms and face high costs to find projects and partners. 61 Furthermore, market participants have different expectations, and financial intermediaries are able to conciliate their needs, thereby permitting transactions to occur in the CDM market. Consequently, financial intermediaries are essential market actors of the CDM market.…”

Section: Financial Intermediaries Increasing Market Efficiencymentioning

confidence: 99%

“…Currently, the main challenges are to create a supply and demand for market liquidity as well as to remove uncertainties about the likely value of the carbon certificates in the future. 120 On the one hand, regulators of the carbon markets primarily carry responsibility for reducing uncertainties relating to the future of the CDM market. For the time being, the Copenhagen Summit has exacerbated the doubts regarding the future prospects of the global carbon market and regulatory risks have increased significantly, which calls for a greater influence of the financial services industry in the carbon market.…”

Section: Future Roles Of the Financial Services Industrymentioning

confidence: 99%

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The role of the financial services industry in the clean development mechanism: involving private institutions in the carbon market

Weber

Darbellay

2011

IJPL

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This paper highlights the functions performed by the financial services industry in the clean development mechanism (CDM) of the Kyoto Protocol. The CDM enables industrialised economies to meet their emission reduction targets while supporting environmental projects in developing economies. Since the Copenhagen Summit did not give a satisfying response to the future prospects of the carbon market, reliance has increasingly been placed on private actors in order to keep developing the carbon market architecture. Financial institutions are involved in the CDM market as pooling and transferring economic resources in order to develop CDM projects; they can also enhance market liquidity while trading carbon certificates. The financial services industry is active in the CDM market, providing evidence of the necessity to encompass private institutions in the efforts to tackle climate change. This paper shows the benefits of financial intermediation in the CDM market and also explains some shortcomings.

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Section: Financial Intermediaries Increasing Market Efficiencymentioning

confidence: 99%

Section: Future Roles Of the Financial Services Industrymentioning

confidence: 99%