Implementing the Clean Development Mechanism in Vietnam: potential and limitations

Nhan Thanh Nguyen (), Minh Ha-Duong, Sandra Greiner and Michael Mehling
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Nhan Thanh Nguyen: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique
Sandra Greiner: Climate Focus - Climate Focus B.V.
Michael Mehling: Ecologic Institute - Ecologic Institute

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Abstract: The Clean Development Mechanism (CDM) in Vietnam is used way below its full potential. In spite of efforts to further CDM projects in the recent years, Vietnam still lags behind the comparable neighboring countries in term of registered CDM projects. Especially, though 2008 and 2009 have seen a fast growth in the pipeline in the country but only 14 projects were registered as at 2 December 2009. This development progress is low to the country's greater potential and makes it as a late starter on the global CDM rise when the window of opportunity created by the first Kyoto Protocol period has almost closed. This paper analyzes the barriers explaining this late start and slow catch-up. It suggests strategic policy recommendations which could increase the attractiveness of investment business in the context of climate change protection in Vietnam.

Keywords: climate policy; development; vietnam (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ene, nep-env and nep-ppm
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00654294v1
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Published in Improving the Clean Development Mechanism. Options and Challenges Post-2012, Lexxion, Berlin, pp.221-246, 2011

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