Is the Clean Development Mechanism Effective for Emission Reductions?

Yongfu Huang, Jingjing He and Finn Tarp

No wp-2012-073, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This research studies whether the Clean Development Mechanism (CDM) of the Kyoto Protocol achieves its objective of emission reductions in the host countries. It empirically investigates the impacts of CDM projects on CO₂ emission reductions for 60 CDM host countries over 2005-10. This research makes use of the newly-developed econometric methods for dynamic panel data models associated with X-differencing procedure. It provides evidence in support of a decline in CO₂ emissions in the CDM host countries.

Keywords: Climate change; Econometrics; Environment (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)

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