Making an administrative trustee agent accountable: reason-based decision making within the Kyoto Protocol's Clean Development Mechanism

In: International Studies Quarterly, Band 53, Heft 3, S. 669-693

Abstract

"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." (author's abstract)