The political economy of the clean development mechanism (CDM) governance system

Peter Nedergaard

MPRA Paper from University Library of Munich, Germany

Abstract: In spite of the exponentially increasing volume of the CDM system of the Kyoto Protocol, very few have so far come up with scholarly political economy analysis of its governance system. Based on interviews with the CDM system’s main stakeholders as well as through scrutiny of CDM related documents, this paper will contribute to filling this hole. In this respect, it is assumed that the political economy analysis can be based on two analytical concepts: First, the CDM governance system has to be legitimate (the political side of the system), i.e. seen as broadly acceptable and accountable by its stakeholders as well as the broader public. Second, the CDM governance system has to be efficient (the economic side of the system), i.e. involve as few transaction costs as possible. Based on these concepts, the paper analyses the present balances of the CDM governance system.

Keywords: CDM; climate policy; legitimacy; efficiency (search for similar items in EconPapers)
JEL-codes: E0 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ene, nep-env and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33095

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