EconPapers    
Economics at your fingertips  
 

The relationships between CDM project characteristics and CER market prices

Ian Trotter (), Dênis Da Cunha and José Féres

Ecological Economics, 2015, vol. 119, issue C, 158-167

Abstract: This study explores the relationship between key characteristics of Clean Development Mechanism (CDM) projects and Certified Emission Reduction (CER) prices. Using Multiple Correspondence Analysis, we show that the CER credit prices are likely to have had a greater influence than regional levels of economic development on the sectors, regions and sizes of CDM projects. There are comparatively few CDM projects in Sub-Saharan Africa (less South Africa) and the small-scale forestation projects that are characteristic for the region mainly entered the CDM pipeline when CER credit price levels were high. Latin America hosts a larger number of projects, and the small-scale methane, biofuel and hydro projects that are typical for this region generally also applied for validation under high CER price levels. The large industrial gas and energy efficiency projects typical for the Middle East/Northern Africa region appear to have been largely insensitive to CER price levels. The large number and variety of projects in Asia have applied for registration under a broad range of CER price levels.

Keywords: Clean Development Mechanism (CDM); Climate policy; Development; Emission credits; Environment; Multiple Correspondence Analysis (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S092180091500364X
Full text for ScienceDirect subscribers only

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:eee:ecolec:v:119:y:2015:i:c:p:158-167

DOI: 10.1016/j.ecolecon.2015.08.016

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:ecolec:v:119:y:2015:i:c:p:158-167