The clean development mechanism and its controversies

Abstract

The Clean Development Mechanism (CDM) has been proposed as a means of reducing the costs of abating greenhouse gasses, and for assisting developing countries. Although the CDM offers apparent environmental benefits, in addition to benefiting both investors and developing country hosts, it has generated considerable controversy. We review and evaluate the arguments surrounding the CDM and we provide new empirical evidence concerning its potential benefits.

Citation

Karp, L. and Liu, X. (2001), "The clean development mechanism and its controversies", Hall, D.C. and Horwarth, R.B. (Ed.) The Long-Term Economics of Climate Change: Beyond a Doubling of Greenhouse Gas Concentrations (Advances in the Economics of Environmental Resources, Vol. 3), Emerald Group Publishing Limited, Leeds, pp. 265-285. https://doi.org/10.1016/S1569-3740(01)03023-1