Reference : The Clean Development Mechanism in a world carbon market
Scientific journals : Article
Business & economic sciences : Microeconomics
http://hdl.handle.net/10993/30769
The Clean Development Mechanism in a world carbon market
English
Picard, Pierre M mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Brèchet, Thierry mailto []
Ménière, Yann []
2016
Canadian Journal of Economics
Blackwell Publishing
49
4
1569-1598
Yes (verified by ORBilu)
International
0008-4085
Toronto
Canada
[en] Clean Development Mechanism ; Environment ; Carbon emission
[en] This paper discusses the role of the Clean Development Mechanism (CDM) in 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. The implications of the presence of non-additional projects are also analyzed.
Researchers ; Professionals ; General public
http://hdl.handle.net/10993/30769

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