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Clean Development Mechanism (CDM) Business in Pakistan: Perceptions and Realities

Author

Listed:
  • Ajaz Ahmed

    (Climate Change and Development, Institute for Social and Environment Transition (ISET), Islamabad)

  • Aneel Salman

    (Ghulam Ishaq Khan Institute of Engineering Sciences and Technology, Swabi)

Abstract

Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) is a milestone towards global carbon mitigation efforts which resulted in the establishment of carbon markets. Pakistan has ratified Kyoto Protocol in 1997 and implemented it in 2005. It contributes towards carbon mitigation in the form of Clean Development Mechanism (CDM). This market based mechanism is instituted to facilitate the greenhouse gases lessening through carbon trading. Present study is a policy paper and intends to investigate the status of CDM business (carbon trading) in Pakistan. Specifically paper covers the policy related issues of CDM in the light of existing practices, business created by carbon trading, obstacles in optimising the benefits, and loopholes in CDM policy at national level. Analysis is based on the empirical investigation of CDM business in Pakistan in the backdrop of its progress in developing region (Annex-II). Study has revealed very interesting insights to assist the CDM related policy in Pakistan. Moreover, it highlights the main issues related to CDM business. Analysis proposes few policy measures to eradicate the problems and boost the carbon trading in Pakistan.

Suggested Citation

  • Ajaz Ahmed & Aneel Salman, 2012. "Clean Development Mechanism (CDM) Business in Pakistan: Perceptions and Realities," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(4), pages 303-316.
  • Handle: RePEc:pid:journl:v:51:y:2012:i:4:p:303-316
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    File URL: http://www.pide.org.pk/pdf/PDR/2012/Volume4/303-316.pdf
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    References listed on IDEAS

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    1. Sir Nicholas Stern, 2006. "What is the Economics of Climate Change?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(2), pages 1-10, April.
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    Cited by:

    1. Mohammad Umar & Anwar Hussain, 2015. "Micro Hydro Power: A Source of Sustainable Energy in Rural Communities: Economic and Environmental Perspectives," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 487-505.

    More about this item

    Keywords

    UNFCCC; Kyoto Protocol; Clean Development Mechanism (CDM); Carbon Trading; Climate Change; Mitigation; Certified Emission Reductions (CERs); Designated National Authority (DNA);

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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