Green Markets. The Clean Development Mechanism, Regulation And Application In Mexico. Challenges And Perspectives

I. Origin and basis of green markets

The birth of green markets is the result of various coinciding factors, but more importantly by the reality that we know as "the tragedy of the commons". This has represented over the last few decades the degradation of the common goods that can be found in the environment, due to their excessive use. This phenomenon is understandable because it is human nature to not value that which does not represent a direct and personal cost in relation to the property.

In virtue of the crisis provoked by this problem, market instruments have been developed to provide in some way, economic value to the commons through means of the application of the rights for private property on the same; sustainable use can be obtained out of this valuation. These instruments induce in the contamination agents to adopt measures avoid this contamination or to conserve the natural resources by means of economic incentives.