How can LDCs benefit from the CDM?: A panel data analysis of determinants of CDM project hosting
The CDM plays an important role in the international GHG reduction activities. However, the distribution of CDM projects has been quite biased. Hence, considering the current distributional imbalance, this study was conducted aiming to identify the determinants of CDM project hosting in order to suggest potential measures for LDCs based on empirical evidence. By running random effects panel Tobit models, this paper sheds light on the fact that the four significant factors, GHG reduction potentials, governance levels, science and technology levels, and economic ties between host and Annex I countries in the private sector, have positive impacts on hosting CDM projects. This paper, therefore, denotes that the effective way to promote CDM activities in LDCs is to approach both sides: one is that LDCs accomplish the improvement of the significant factors by themselves; and the other is to facilitate the programmatic CDM activities by enlisting cooperation from international organisations or firms capable of investing in CDM activities in LDCs and/or providing capacity building programs. It is hoped that both Annex I and Non-Annex I countries tackle the climate change issue with stimulating the effective use of this innovative mechanism, CDM, not only in advanced developing countries but also in LDCs.
|Date of creation:||Aug 2012|
|Date of revision:||Dec 2012|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Raubenheimer, Stefan & Michaelowa, Axel & Jahn, Michael & Liptow, Holger, 2004. "Measuring the Potential of Unilateral CDM : A Pilot Study," HWWA Discussion Papers 263, Hamburg Institute of International Economics (HWWA).
- Axel Michaelowa, 2007. "Unilateral CDM—can developing countries finance generation of greenhouse gas emission credits on their own?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 7(1), pages 17-34, March.
- Dinar, Ariel & Mahfuzur Rahman, Shaikh & Larson, Donald & Ambrosi, Philippe, 2008. "Factors Affecting Levels Of International Cooperation In Carbon Abatement Projects," Policy Research Working Paper Series 4786, The World Bank.
- Kasai, Katsuya, 2011. "A Cross-Country Empirical Analysis of Determinants of Clean Development Mechanism (CDM) Projects," MPRA Paper 52160, University Library of Munich, Germany, revised Jan 2012.
- Amemiya, Takeshi, 1984. "Tobit models: A survey," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 3-61.
- Muller, Adrian, 2007.
"How to make the clean development mechanism sustainable--The potential of rent extraction,"
Elsevier, vol. 35(6), pages 3203-3212, June.
- Muller, Adrian, 2006. "How to Make the Clean Development Mechanism Sustainable - The Potential of Rent Extraction," Working Papers in Economics 214, University of Gothenburg, Department of Economics.
- Yongfu Huang & Terry Barker, 2008. "The Clean Development Mechanism and Sustainable Development: A Panel Data Analysis," Environmental Economy and Policy Research Working Papers 39.2008, University of Cambridge, Department of Land Economics, revised 2008.
- Sanjeev Gupta & Hamid Davoodi & Rosa Alonso-Terme, 2002. "Does corruption affect income inequality and poverty?," Economics of Governance, Springer, vol. 3(1), pages 23-45, 03.
- Michaelowa, Axel & Michaelowa, Katharina, 2005. "Climate or development: Is ODA diverted from its original purpose?," HWWI Research Papers 4-2, Hamburg Institute of International Economics (HWWI).
- 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. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:52137. 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: (Joachim Winter)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.