In the climate change world, the policy process has concluded that cost-effective approaches for the reduction of greenhouse gases can provide a useful incentive to the developed world to reduce their emissions. One approach for cost-effective emission reduction is the Clean Development Mechanism established under the Kyoto Protocol (KP 1997, Art. 12). The Clean Development Mechanism (CDM) allo...

The clean development mechanism (CDM) should foster sustainable development and greenhouse gas emission reductions. The design of the CDM and first experience suggest that it may not achieve these goals. Developing countries hosting CDM projects may lose cheap emission reduction possibilities for their own future use, and sustainable development and technology transfer may not take place. On th...

Solar home systems are an excellent fit for the Clean Development Mechanism under the Kyoto Protocol because they directly displace greenhouse gas emissions while contributing to sustainable rural development. Selling emission reduction credits under the CDM could provide additional revenues for SHSs. However, high transaction costs related to CDM procedures might prevent SHSs from benefiting f...

The European Topic Centre on Air and Climate Change (ETC/ACC) is a consortium of European institutes under contract of the European Environmental Agency DISCLAIMER This ETC/ACC Technical Paper has not been subjected to European Environment Agency (EEA) member country review. It does not represent the formal views of the EEA.

This research studies whether the Clean Development Mechanism (CDM) of the Kyoto Protocol achieves its objective of emission reductions in the host countries. It empirically investigates the impacts of CDM projects on CO2 emission reductions for 60 CDM host countries over 2005-10. This research makes use of the newly-developed econometric methods for dynamic panel data models associated with X-...

In the face of increasingly severe climate change and its disastrous effects, how to effectively tackle it reduce carbon dioxide emissions has become an important global issue. Clean development mechanism (CDM) project implementation provides opportunity for more developing countries actively participate in governance. As largest emitter dioxide, have China’s CDM projects slowed down emissions?...