The clean development mechanism in a globalized carbon market

Thierry Bréchet, Yann Ménière () and Pierre Picard

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: This paper discusses the role of the Clean DevelopmentMechanisms (CDM) on the market for carbon quotas and countries' 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. How- ever, 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 inap- propriate the inclusion of any country that makes no emission target commit- ment in the climate change protocol (like the Kyoto protocole). It can even make inefficient a country's decision to commit to an emission target.

Date: 2011
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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http://wwwen.uni.lu/content/download/43998/508017/ ... 0carbon%20market.pdf (application/pdf)

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)
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Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:11-12

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