Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192559 
Year of Publication: 
2009
Series/Report no.: 
Discussion Papers No. 577
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
The developed countries can meet part of their Kyoto commitments by investing in emission-reducing projects in developing countries (the Clean Development Mechanism, CDM). Since the developing countries have so far not been willing to accept binding emission commitments, the CDM has been the only mechanism available for ensuring emission-abatement measures in developing countries. We argue that the CDM is not an efficient tool for achieving deep cuts in global emissions and conclude that maintaining the CDM as an option for developing countries may in itself be a serious obstacle to more binding participation by these countries.
Subjects: 
Clean development mechanism
climate agreement
emissions trading
emissions reductions.
JEL: 
Q54
Q56
Document Type: 
Working Paper

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