Corporate Strategies and the Clean Development Mechanism

Søren E. Lütken and Axel Michaelowa

in Books from Edward Elgar Publishing

Abstract: Mechanism (CDM) of the Kyoto Protocol. It explains why, instead of the expected bilateral structure where a company from an industrialized country invests in a project in a developing country and receives the emission reduction credits in return, a unilateral structure prevails whereby a company from a developing country finances the emission reduction project itself and sells the emission reduction credits. The book arrives at three fundamental, interconnected, conclusions: CDM is logically a unilaterally driven investment activity; CDM investment is an irrelevant compliance instrument for companies from industrialised countries and that this state of affairs is unlikely to change post 2012; and CDM thrives in less equal and less ambitious post-2012 climate regimes.

Keywords: Business and Management; Economics and Finance; Environment (search for similar items in EconPapers)
JEL-codes: Q5 (search for similar items in EconPapers)
Date: 2008
ISBN: 9781847209283
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Citations: View citations in EconPapers (8)

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