The Clean Development Mechanism in a world carbon market

被引：2

作者：

Brechet, Thierry ^{[1
,2
]}

Meniere, Yann ^{[3
]}

Picard, Pierre M. ^{[4
,5
]}

机构：

[1] Catholic Univ Louvain, CORE, LSM, Louvain, Belgium

[2] Catholic Univ Louvain, Lhoist Berghmans Chair Environm Econ & Management, Louvain, Belgium

[3] MINES ParisTech, CERNA, Paris, France

[4] Catholic Univ Louvain, CORE, Louvain, Belgium

[5] Univ Luxembourg, CREA, Luxembourg, Luxembourg

来源：

CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2016年 / 49卷 / 04期

关键词：

D O I：

10.1111/caje.12244

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：1569 / 1598

页数：30

共 18 条

[1] Reforming the CDM for sustainable development: lessons learned and policy futures [J].