IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00654294.html
   My bibliography  Save this paper

Implementing the Clean Development Mechanism in Vietnam: potential and limitations

Author

Listed:
  • 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 nationale des ponts et chaussées - 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 nationale des ponts et chaussées - 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://shs.hal.science/halshs-00654294v1
    as

    Download full text from publisher

    File URL: https://shs.hal.science/halshs-00654294v1/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nhan T. Nguyen & Minh Ha-Duong, 2009. "The potential for mitigation of CO2 emissions in Vietnam's power sector," Working Papers 22, Development and Policies Research Center (DEPOCEN), Vietnam.
    2. Christopher Zegras, P., 2007. "As if Kyoto mattered: The clean development mechanism and transportation," Energy Policy, Elsevier, vol. 35(10), pages 5136-5150, October.
    3. Rae Kwon Chung, 2007. "A CER discounting scheme could save climate change regime after 2012," Climate Policy, Taylor & Francis Journals, vol. 7(2), pages 171-176, March.
    4. repec:hal:wpaper:halshs-00444826 is not listed on IDEAS
    5. 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.
    6. Wolfgang Sterk & Bettina Wittneben, 2006. "Enhancing the clean development mechanism through sectoral approaches: definitions, applications and ways forward," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(3), pages 271-287, September.
    7. Lambert Schneider, 2009. "A Clean Development Mechanism with global atmospheric benefits for a post-2012 climate regime," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(2), pages 95-111, May.
    8. 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.
    9. 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.
    10. 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.
    11. Axel Michaelowa & Marcus Stronzik & Frauke Eckermann & Alistair Hunt, 2003. "Transaction costs of the Kyoto Mechanisms," Climate Policy, Taylor & Francis Journals, vol. 3(3), pages 261-278, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Emma Paulsson, 2009. "A review of the CDM literature: from fine-tuning to critical scrutiny?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(1), pages 63-80, February.
    2. Karakosta, Charikleia & Doukas, Haris & John, Psarras, 2010. "EU-MENA energy technology transfer under the CDM: Israel as a frontrunner?," Energy Policy, Elsevier, vol. 38(5), pages 2455-2462, May.
    3. Simon Bisore & Walter Hecq, 2012. "Regulated (CDM) and voluntary carbon offset schemes as carbon offset markets: competition or complementarity?," Working Papers CEB 12-016, ULB -- Universite Libre de Bruxelles.
    4. Watts, David & Albornoz, Constanza & Watson, Andrea, 2015. "Clean Development Mechanism (CDM) after the first commitment period: Assessment of the world׳s portfolio and the role of Latin America," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 1176-1189.
    5. Karakosta, Charikleia & Psarras, John, 2013. "Understanding CDM potential in the Mediterranean basin: A country assessment of Egypt and Morocco," Energy Policy, Elsevier, vol. 60(C), pages 827-839.
    6. Valentová, Michaela & Lízal, Lubomír & Knápek, Jaroslav, 2018. "Designing energy efficiency subsidy programmes: The factors of transaction costs," Energy Policy, Elsevier, vol. 120(C), pages 382-391.
    7. Christoph Böhringer & Thomas Rutherford & Marco Springmann, 2015. "Clean-Development Investments: An Incentive-Compatible CGE Modelling Framework," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(4), pages 633-651, April.
    8. Lambert Schneider & Michael Lazarus & Carrie Lee & Harro van Asselt, 2017. "Restricted linking of emissions trading systems: options, benefits, and challenges," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(6), pages 883-898, December.
    9. Purohit, Pallav & Michaelowa, Axel, 2007. "CDM potential of bagasse cogeneration in India," Energy Policy, Elsevier, vol. 35(10), pages 4779-4798, October.
    10. Carmichael, David G. & Ballouz, Joseph J. & Balatbat, Maria C.A., 2015. "Improving the attractiveness of CDM projects through allowing and incorporating options," Energy Policy, Elsevier, vol. 86(C), pages 784-791.
    11. Pallav Purohit & Axel Michaelowa, 2008. "CDM potential of SPV lighting systems in India," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 13(1), pages 23-46, January.
    12. Liu, Xuemei, 2008. "The monetary compensation mechanism: An alternative to the clean development mechanism," Ecological Economics, Elsevier, vol. 66(2-3), pages 289-297, June.
    13. Selvaretnam, Geethanjali & Thampanishvong, Kannika, 2010. "Future of the Clean Development Mechanism in Tackling Climate Change," SIRE Discussion Papers 2010-35, Scottish Institute for Research in Economics (SIRE).
    14. Drupp, Moritz A., 2011. "Does the Gold Standard label hold its promise in delivering higher Sustainable Development benefits? A multi-criteria comparison of CDM projects," Energy Policy, Elsevier, vol. 39(3), pages 1213-1227, March.
    15. Kallbekken, Steffen & Flottorp, Line S. & Rive, Nathan, 2007. "CDM baseline approaches and carbon leakage," Energy Policy, Elsevier, vol. 35(8), pages 4154-4163, August.
    16. Nicholas Tatrallyay & Martin Stadelmann, 2013. "Climate change mitigation and international finance: the effectiveness of the Clean Development Mechanism and the Global Environment Facility in India and Brazil," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(7), pages 903-919, October.
    17. Wang, Qiang & Chen, Xi, 2013. "Rethinking and reshaping the climate policy: Literature review and proposed guidelines," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 469-477.
    18. Zavodov, Kirill, 2012. "Renewable energy investment and the clean development mechanism," Energy Policy, Elsevier, vol. 40(C), pages 81-89.
    19. Hayashi, Daisuke & Krey, Matthias, 2007. "Assessment of clean development mechanism potential of large-scale energy efficiency measures in heavy industries," Energy, Elsevier, vol. 32(10), pages 1917-1931.
    20. Johannes Alexeew & Linda Bergset & Kristin Meyer & Juliane Petersen & Lambert Schneider & Charlotte Unger, 2010. "An analysis of the relationship between the additionality of CDM projects and their contribution to sustainable development," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 10(3), pages 233-248, September.

    More about this item

    Keywords

    climate policy; development; vietnam;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00654294. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.