The Clean Development Mechanism in a Global Carbon Market

Thierry Bréchet, Yann Ménière () and Pierre Picard

No CE3S-06/12, CEEES Paper Series from European University at St. Petersburg, Department of Economics

Abstract: This paper discusses the role of the Clean Development Mechanism (CDM) on the market for carbon quotas and countriesÕ commitments to reduce their carbon emission levels. We show that the CDM contributes to an efficient funding of clean technology investments in least developed countries. However, the CDM is not neutral on the global level of carbon emissions as it entices countries to raise their emission caps. The CDM may also make inappropriate the inclusion of any country that takes no emission abatement commitment. It can even make inefficient a countryÕs decision to commit to an emission target.

Pages: 25 pages
Date: 2012-10-09
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: The Clean Development Mechanism in a world carbon market (2016)
Working Paper: The clean development mechanism in a global carbon market (2012)
Working Paper: The clean development mechanism in a globalized carbon market (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eus:ce3swp:0612

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