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The Correlated Factors of the Uneven Performances of the CDM Countries

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  • Zhu, Jinshan

Abstract

The Kyoto Protocol's Clean Development Mechanism (CDM) has experienced a rapid growth. Until 2010, 2763 projects have been registered, standing for about 433 million ton CO2 equivalent (CO2-eq.) of annual carbon credits. However, the performances of CDM host countries are remarkably unbalanced. Previous literatures suggested that economic and investment conditions, energy intensity, energy structure, the share of annual carbon credits from high Global Warming Potential (GWP) Green House Gas (GHG), capacity and institutional buildings of domestic CDM governance can play important roles in promoting CDM. This quantitative analysis shows that domestic economic and investment conditions are the most decisive factors determining the performance of the CDM host countries. Additionally, the influence of carbon intensity of energy consumption is relatively modest, and energy intensity of GDP as well as the share of annual carbon credits from high Global Warming Potential (GWP) Green House Gas (GHG) is less significant. Moreover, several leading CDM countries are not as successful as they seem to be, when the influences of their vast territories, distinguished economic and investment conditions are excluded. Therefore, to simply transplant the CDM governances of these countries can hardly guarantee other countries in boosting their carbon credits outputs.

Suggested Citation

  • Zhu, Jinshan, 2012. "The Correlated Factors of the Uneven Performances of the CDM Countries," IEL Working Papers 11, Institute of Public Policy and Public Choice - POLIS.
    • Handle: RePEc:uca:ucaiel:11
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    Citations

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    Cited by:

    1. Trotter, Ian Michael & da Cunha, Dênis Antônio & Féres, José Gustavo, 2015. "The relationships between CDM project characteristics and CER market prices," Ecological Economics, Elsevier, vol. 119(C), pages 158-167.
    2. Jinshan Zhu & Hui Yao & Yingkai Tang & Liyong Wang, 2015. "An econometric analysis of sub-national Clean Development Mechanism performance in China," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(7), pages 1137-1153, October.
    3. Koo, Bonsang, 2017. "Preparing hydropower projects for the post-Paris regime: An econometric analysis of the main drivers for registration in the Clean Development Mechanism," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 868-877.
    4. Jinshan Zhu, 2017. "Assessing China’s price review policy on Clean Development Mechanism projects," European Journal of Law and Economics, Springer, vol. 43(2), pages 285-316, April.
    5. Jinshan Zhu & Yingkai Tang, 2015. "The design flaw of the displacement principle of clean development mechanism: the neglect of electricity shortage," European Journal of Law and Economics, Springer, vol. 40(2), pages 367-391, October.

    More about this item

    Keywords

    clean development mechanism; kyoto protocol; environmental law and economics;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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