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Corporate Strategies and the Clean Development Mechanism

Author

Listed:
  • Søren E. Lütken
  • Axel Michaelowa

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.

Suggested Citation

  • Søren E. Lütken & Axel Michaelowa, 2008. "Corporate Strategies and the Clean Development Mechanism," Books, Edward Elgar Publishing, number 13159.
  • Handle: RePEc:elg:eebook:13159
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    File URL: http://www.e-elgar.com/shop/isbn/9781847209283
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    Citations

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    Cited by:

    1. Aleluia, João & Leitão, João, 2009. "International Entrepreneurship and Technology Transfer: The CDM´s Reality in China," MPRA Paper 16150, University Library of Munich, Germany.
    2. Patrick Bayer & Johannes Urpelainen, 2013. "External sources of clean technology: Evidence from the Clean Development Mechanism," The Review of International Organizations, Springer, vol. 8(1), pages 81-109, March.
    3. Bayer, Patrick & Marcoux, Christopher & Urpelainen, Johannes, 2013. "Leveraging private capital for climate mitigation: Evidence from the Clean Development Mechanism," Ecological Economics, Elsevier, vol. 96(C), pages 14-24.
    4. Khem Raj Dahal & Shiva Ch & ra Dhakal, "undated". "The Relative Efficiency of Organic Farming in Nepal," Working papers 105, The South Asian Network for Development and Environmental Economics.
    5. Morgan Bazilian & Patrick Nussbaumer & Giorgio Gualberti & Erik Haites & Michael Levi & Judy Siegel & Daniel M. Kammen & Joergen Fenhann, 2011. "Informing the Financing of Universal Energy Access: An Assessment of Current Flows," Working Papers 2011.56, Fondazione Eni Enrico Mattei.
    6. Schneider, Malte & Hendrichs, Holger & Hoffmann, Volker H., 2010. "Navigating the global carbon market: An analysis of the CDM's value chain and prevalent business models," Energy Policy, Elsevier, vol. 38(1), pages 277-287, January.
    7. Cong, Ren & Lo, Alex Y. & Yu, Wei, 2021. "The distribution and regional determinants of nationally financed emissions-reduction projects in China," Energy Policy, Elsevier, vol. 152(C).
    8. Misato Sato & Marta Ciszawska & Timothy Laing, 2016. "Demand for offsetting and insetting in the EU Emissions Trading System," GRI Working Papers 237, Grantham Research Institute on Climate Change and the Environment.

    More about this item

    Keywords

    Business and Management; Economics and Finance; Environment;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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