Is the Clean Development Mechanism Promoting Sustainable Development?

Yongfu Huang, Jingjing He and Finn Tarp

No wp-2012-072, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: One of the dual objectives of the Clean Development Mechanism (CDM) of the Kyoto Protocol is to promote sustainable development in the host countries. With different CDM indicators for 58 CDM host countries over 2005-10, this paper empirically assesses whether CDM project development fulfils this objective of sustainable development. Using a unique dynamic panel data method based on long-differences of the model, this research provides evidence in support of significant contribution to sustainable development of CDM projects in the host countries.

Keywords: Climate change; Econometric models; Economic policy; Sustainable development (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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