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Implementing the Clean Development Mechanism in Vietnam: potential and limitations

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  • Nhan Thanh Nguyen

    () (CIRED - Centre International de Recherche sur l'Environnement et le Développement - CIRAD - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • Minh Ha-Duong

    () (CIRED - Centre International de Recherche sur l'Environnement et le Développement - CIRAD - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • Sandra Greiner

    (Climate Focus - Climate Focus B.V.)

  • Michael Mehling

    (Ecologic Institute - Ecologic Institute)

Abstract

The Clean Development Mechanism (CDM) in Vietnam is used way below its full potential. In spite of efforts to further CDM projects in the recent years, Vietnam still lags behind the comparable neighboring countries in term of registered CDM projects. Especially, though 2008 and 2009 have seen a fast growth in the pipeline in the country but only 14 projects were registered as at 2 December 2009. This development progress is low to the country's greater potential and makes it as a late starter on the global CDM rise when the window of opportunity created by the first Kyoto Protocol period has almost closed. This paper analyzes the barriers explaining this late start and slow catch-up. It suggests strategic policy recommendations which could increase the attractiveness of investment business in the context of climate change protection in Vietnam.

Suggested Citation

  • Nhan Thanh Nguyen & Minh Ha-Duong & Sandra Greiner & Michael Mehling, 2011. "Implementing the Clean Development Mechanism in Vietnam: potential and limitations," Post-Print halshs-00654294, HAL.
  • Handle: RePEc:hal:journl:halshs-00654294 Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00654294
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    References listed on IDEAS

    as
    1. Christopher Zegras, P., 2007. "As if Kyoto mattered: The clean development mechanism and transportation," Energy Policy, Elsevier, vol. 35(10), pages 5136-5150, October.
    2. Nguyen, Nhan T. & Ha-Duong, Minh, 2009. "Economic potential of renewable energy in Vietnam's power sector," Energy Policy, Elsevier, vol. 37(5), pages 1601-1613, May.
    3. Nhan Thanh Nguyen & Minh Ha-Duong & Thanh C. Tran & Ram M. Shrestha & Franck Nadaud, 2010. "Barriers to the adoption of renewable and energy-efficient technologies in the Vietnamese power sector," Post-Print halshs-00444826, HAL.
    4. Olsen, Karen Holm & Fenhann, Jørgen, 2008. "Sustainable development benefits of clean development mechanism projects: A new methodology for sustainability assessment based on text analysis of the project design documents submitted for validatio," Energy Policy, Elsevier, vol. 36(8), pages 2773-2784, August.
    5. Michaelowa, Axel & Jotzo, Frank, 2005. "Transaction costs, institutional rigidities and the size of the clean development mechanism," Energy Policy, Elsevier, vol. 33(4), pages 511-523, March.
    6. repec:hal:wpaper:halshs-00444826 is not listed on IDEAS
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    Cited by:

    1. Ruiyue Jia & Xiumei Guo & Dora Marinova, 2013. "The role of the clean development mechanism in achieving China’s goal of a resource-efficient and environmentally friendly society," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 15(1), pages 133-148, February.

    More about this item

    Keywords

    climate policy; development; vietnam;

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