The Clean Development Mechanism and Sustainable Development: A Panel Data Analysis
The Clean Development Mechanism (CDM) of the Kyoto Protocol is designed to allow the industrialised countries to earn credits by investing in greenhouse gas (GHG) emission reduction projects in developing countries, which contribute to sustainable development in the host countries. This research empirically investigates the long-run impacts of CDM projects on CO2 emissions for 18 CDM host countries over 1990-2007. By allowing for considerable heterogeneity across countries, this research provides strong evidence in support of a significant effect of CDM projects on CO2 emission reductions in the host countries. It offers ample recommendation for improving CDM development and serves to encourage the developing countries to strengthen their national capacity to effectively access the CDM for their sustainable development objectives.
|Date of creation:||2008|
|Date of revision:||2008|
|Contact details of provider:|| Postal: 19 Silver Street, Cambridge CB3 9EP|
Phone: +44 1223 337147
Fax: +44 1223 337130
Web page: http://www.landecon.cam.ac.uk
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:lnd:wpaper:200839. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Unai Pascual)
If references are entirely missing, you can add them using this form.