Reference : The Clean Development Mechanism in a Globalized Carbon Market
Scientific journals : Article
Business & economic sciences : Special economic topics (health, labor, transportation…)
The Clean Development Mechanism in a Globalized Carbon Market
Bréchet, Thierry [Université Catholique de Louvain - UCL > CORE and Louvain School of Management]
Ménière, Yann mailto [Ecole des Mines de Paris > CERNA]
Picard, Pierre M mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Canadian Journal of Economics
Blackwell Publishing
Yes (verified by ORBilu)
[en] This paper discusses the role of the Clean Development Mechanism (CDM) on the market for carbon quotas and countries’ commitments to reduce their carbon emission levels. We show that the CDM contributes to an efficient funding of clean technology investments in least developed countries. However, the CDM is not neutral on the global level of carbon emissions as it entices countries to raise their emission caps. The CDM may also make inappropriate the inclusion of any country that takes no emission abatement commitment. It can even make inefficient a country’s decision to commit to an emission target.

File(s) associated to this reference

Fulltext file(s):

Limited access
CDM-CJE final version.pdfAuthor postprint415.53 kBRequest a copy

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.