Access the full text.
Sign up today, get DeepDyve free for 14 days.
Bahnsen Niels Figueres Christiana Pedersen Morten Skov Sine Stehr Hans Jürgen Valdimarsson Jonas
“Study on the Potential Use of Micro Financing in Support of CDM Projects in LDC Countries.”
Baldwin Robert
“Regulation Lite: The Rise of Emissions Trading.”
Ackerman Bruce Stewart Richard
“Reforming Environmental Law.”
Bernstein Steven
“Ideas, Social Structure and the Compromise of Liberal Environmentalism.”
Abstract As world leaders increasingly recognize the dual imperatives of mitigating carbon emissions and ensuring economic growth, emissions trading schemes have become popular policy options to pursue sustainable development goals. As the foremost program of sustainable development to date, the Clean Development Mechanism (CDM) has held out hope that low-cost abatement in the global North could be achieved by channeling investments to the global South, creating a win-win situation of both mitigation and economic development. Unfortunately, the results of the CDM have shown an asymmetrical distribution of benefits in the global South despite contrary objectives. This paper argues that the investment climate promoted by the CDM excludes many developing nation markets from participation, thereby limiting one of the key benefits promised by CDM proponents. This is partly because the CDM encourages investors to seek projects that are doubly profitable, ones that demonstrate the potential to generate a profit independent of emissions credits, placing many nations at a structural disadvantage, as they are deemed too risky for sustainable development investment.
Perspectives on Global Development and Technology – Brill
Published: Jan 1, 2011
Keywords: Clean Development Mechanism (CDM); carbon markets; sustainable development; mitigation; global South; climate change
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.