Open AccessMaking an Administrative Trustee Agent Accountable: Reason‐Based Decision Making within the Kyoto Protocol’s Clean Development Mechanism
Author(s) -
Gehring Thomas,
Plocher Isabel
Publication year - 2009
Publication title -
international studies quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.897
H-Index - 100
eISSN - 1468-2478
pISSN - 0020-8833
DOI - 10.1111/j.1468-2478.2009.00551.x
Subject(s) - kyoto protocol , incentive , accountability , autonomy , clean development mechanism , principal (computer security) , protocol (science) , business , principal–agent problem , mechanism (biology) , point (geometry) , law and economics , public relations , economics , political science , law , computer science , corporate governance , finance , microeconomics , computer security , philosophy , alternative medicine , ecology , pathology , greenhouse gas , biology , epistemology , climate change , medicine , mathematics , geometry
Decisions within the Clean Development Mechanism (CDM) of the Kyoto Protocol are made by an expert body that acts as a trustee agent of the member states. Trustee agents help overcome the credible commitment problems of their principals and promise reason‐based decisions. In contrast to traditional principal‐agent settings, trusteeship relations are typically triadic. Beside the preferences of the principals and the trustee, decision criteria provide an external point of reference. They reflect the principals’ long‐term interest and define the trustee’s decision rationale. The triadic structure helps protect the autonomy of trustees and allows for making them accountable for their decisions. Accountability mechanisms intend to ensure that a trustee’s decisions are in line with established decision criteria. Against this backdrop, we explore the incentives created by the existing institutional arrangement for the making of CDM decisions and examine selected cases. We conclude that CDM arrangements provide a model for nonpartisan international regulation.