Future of the Clean Development Mechanism in tackling climate change
Using a theoretical framework, we explain the impact of the Clean Development Mechanism (CDM) on emissions in Annex I and non-Annex I countries. We show that on one hand, emissions in the non-Annex I country decline because of abatement sponsored by the Annex I country under the CDM; on the other hand, emissions may increase because (i) the Annex I country increases emissions in its own country, and (ii) the non-Annex I country crowds out the bene?ts from the CDM projects by increasing its domestic emissions. For the CDM to be e¤ective in reducing global emissions, we show that partial Certi?ed Emissions Reduction credits should be given to the Annex I country that sponsors CDM projects in the non-Annex I country. We also suggest that the CDM Executive Board should not allow the CDM projects to be hosted by non-Annex I countries that are too conscious about their emission levels.
|Date of creation:||15 Aug 2008|
|Contact details of provider:|| Postal: School of Economics and Finance, University of St. Andrews, Fife KY16 9AL|
Phone: 01334 462436
Fax: 01334 462444
Web page: https://www.st-andrews.ac.uk/economics/
More information through EDIRC
|Order Information:|| Email: |
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.:
- Cathrine Hagem & Bjart Holtsmark, 2009. "Does the Clean Development Mechanism have a viable future?," Discussion Papers 577, Statistics Norway, Research Department.
- Katrina Brown & Esteve Corbera, 2003. "Exploring equity and sustainable development in the new carbon economy," Climate Policy, Taylor & Francis Journals, vol. 3(sup1), pages 41-56, November.
- Sandrine Mathy & Jean-Charles Hourcade & Christophe de Gouvello, 2001.
"Clean development mechanism: leverage for development?,"
Taylor & Francis Journals, vol. 1(2), pages 251-268, June.
- S. Mathy & Jean Charles Hourcade & C. De Gouvello, 2001. "Clean development mechanism: Leverage for development?," Post-Print hal-00719267, HAL.
- Sandrine Mathy & Jean Charles Hourcade & Christophe De Gouvello, 2001. "Clean development mechanism: leverage for development?," Post-Print halshs-01285635, HAL.
- Jung, Martina, 2006. "Host country attractiveness for CDM non-sink projects," Energy Policy, Elsevier, vol. 34(15), pages 2173-2184, October.
- Glomsrod, Solveig & Taoyuan, Wei, 2005. "Coal cleaning: a viable strategy for reduced carbon emissions and improved environment in China?," Energy Policy, Elsevier, vol. 33(4), pages 525-542, March.
- Solveig Glomsrød & Wei Taoyuan, 2003. "Coal cleaning: A viable strategy for reduced carbon emissions and improved environment in China?," Discussion Papers 356, Statistics Norway, Research Department.
- Babiker, Mustafa H., 2005. "Climate change policy, market structure, and carbon leakage," Journal of International Economics, Elsevier, vol. 65(2), pages 421-445, March.
- Shrestha, Ram M. & Timilsina, Govinda R., 2002. "The additionality criterion for identifying clean development mechanism projects under the Kyoto Protocol," Energy Policy, Elsevier, vol. 30(1), pages 73-79, January.
- 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.
- 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.
- Shurojit Chatterji & Sayantan Ghosal, 2009. "Technology, Unilateral Commitments and Cumulative Emissions Reduction," CESifo Economic Studies, CESifo, vol. 55(2), pages 286-305, June.
- Purohit, Pallav & Michaelowa, Axel, 2007. "CDM potential of bagasse cogeneration in India," Energy Policy, Elsevier, vol. 35(10), pages 4779-4798, October.
- Alan S. Manne & Richard G. Richels, 1999. "The Kyoto Protocol: A Cost-Effective Strategy for Meeting Environmental Objectives?," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 1-23. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:san:wpecon:0808. 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: (the School of Economics)
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.