The impact of private investor’s transaction costs on the cost effectiveness of project-based Kyoto mechanisms

摘要: Abstract From a private investor’s point of view transaction costs project-based Kyoto mechanisms relate mainly to project management and interaction with government representatives. However, when analysing the cost effectiveness these are often underestimated or completely ignored 1 due limited data availability. This paper presents an analysis by applying estimates from comparable activities, for example, activities implemented jointly (AIJ). The findings show that AIJ projects range between 7% more than 100% production 80% lying 14 89%. Furthermore clearly illustrate “bigger” have lower specific indicating existence economies scale. Due fact high will push many promising out market, efforts should be undertaken reduce improving procedures business environments, standardisation.