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Classifying carbon credit buyers according to their attitudes towards and involvement in CDM sustainability labels

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  • Parnphumeesup, Piya
  • Kerr, Sandy A.

Abstract

Carbon markets are increasingly conscious of the social and environmental 'quality' of credits delivered by CDM projects. Consequently carbon credits are no longer viewed as a homogenous good and buyers now differentiate between credits supplied by different types of CDM project. The objective of this paper is to classify CER buyers according to their attitudes towards and preferences for CDM sustainability labels. K-means clustering was used to segment a sample of buyers into two clusters. The results indicate that two clear clusters exist with distinct profile patterns. Moreover, the results of discriminant analysis confirmed that the two-cluster solution was valid. Finally, the results of the chi-square analysis and a cross-tabulation showed that these two clusters were significantly different in: organization type; level of paid up capital; perception of sustainable development benefits; perception of return on investment; perception of image of the sustainability labeling; participation in the voluntary market; the project priority; knowledge in the sustainability label; attitude towards the host country's duty; and their willingness to pay.

Suggested Citation

  • Parnphumeesup, Piya & Kerr, Sandy A., 2011. "Classifying carbon credit buyers according to their attitudes towards and involvement in CDM sustainability labels," Energy Policy, Elsevier, vol. 39(10), pages 6271-6279, October.
  • Handle: RePEc:eee:enepol:v:39:y:2011:i:10:p:6271-6279
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    References listed on IDEAS

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    1. Muller, Adrian, 2006. "Risk Management in the Clean Development Mechanism (CDM) – The Potential of Sustainability Labels," Working Papers in Economics 228, University of Gothenburg, Department of Economics.
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    Cited by:

    1. Kamleshan Pillay & Jorge E. Viñuales, 2016. "“Monetary” rules for a linked system of offset credits," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(6), pages 933-951, December.

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