Does the Clean Development Mechanism have a viable future?

Cathrine Hagem and Bjart Holtsmark

Discussion Papers from Statistics Norway, Research Department

Abstract: The developed countries can meet part of their Kyoto commitments by investing in emission-reducing projects in developing countries (the Clean Development Mechanism, CDM). Since the developing countries have so far not been willing to accept binding emission commitments, the CDM has been the only mechanism available for ensuring emission-abatement measures in developing countries. We argue that the CDM is not an efficient tool for achieving deep cuts in global emissions and conclude that maintaining the CDM as an option for developing countries may in itself be a serious obstacle to more binding participation by these countries.

Keywords: Clean development mechanism; climate agreement; emissions trading; emissions reductions. (search for similar items in EconPapers)
JEL-codes: Q54 Q56 (search for similar items in EconPapers)
Date: 2009-02
New Economics Papers: this item is included in nep-ene and nep-env
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.ssb.no/a/publikasjoner/pdf/DP/dp577.pdf (application/pdf)

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:ssb:dispap:577

Access Statistics for this paper

More papers in Discussion Papers from Statistics Norway, Research Department P.O.Box 8131 Dep, N-0033 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by L Maasø ().