Evaluating carbon governance: the clean development mechanism from an emerging economy perspective

Markus Lederer

Journal of Energy Markets

Abstract: ABSTRACT The clean development mechanism (CDM) is one of the most hotly debated instruments of carbon governance. This paper evaluates the pros and cons of the CDM from the perspective of emerging economies. The argument presented is that the CDM is a classic case of the need not to "throw the baby out with the bathwater" because, although the mechanism needs reform, it should not be abandoned. Although many problems have rightfully been detected, the CDM is partially successful economically, environmentally and politically regarding its output, its outcome and its impact. This reading of the CDM as a specific form of effective carbon governance is being supported by various examples from the three major host countries of the CDM: namely, Brazil, China and India.

References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.risk.net/journal-of-energy-markets/216 ... -economy-perspective (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rsk:journ2:2160782

Access Statistics for this article

More articles in Journal of Energy Markets from Journal of Energy Markets
Bibliographic data for series maintained by Thomas Paine ().