Development aid and carbon market

Mustapha Kleiche

Revue d'Économie Financière, 2006, vol. 83, issue 2, 53-73

Abstract: [eng] The participation of developing countries in the « carbon » market is made possible only through the Clean Development Mechanism. It has two objectives by allowing developed countries to reduce their emissions at low costs and by contributing to the sustainable development of the developing countries. According to the most recent studies, the developing countries will benefit from CDM market an income and flows of investment associated summing up respectively approximately to $ 1bn and $ 6bn annually over the period 2008-12 ($ 13bn for ODA and $ 70bn for FDI). However, because of the proximity of the commitment period, uncertainties regarding Post-Kyoto, and the complexity nature of the CDM, the current trends in the « carbon » market are not in favour of these countries. Vis-à-vis this situation, the role of a development agency will be to contribute to the reduction of the transaction costs in order to facilitate financial flows and to help them in maximising the sustainable benefits of CDM projects. . JEL classification : F35, K32, Q01, Q25, Q28

Date: 2006
Note: DOI:10.3406/ecofi.2006.4423
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