Has the Clean Development Mechanism assisted Sustainable Development?

TY - JOUR

T1 - Has the Clean Development Mechanism assisted Sustainable Development?

AU - He, Jingjing

AU - Huang, Yongfu

AU - Tarp, Finn

PY - 2014/11/1

Y1 - 2014/11/1

N2 - One of the dual objectives of the Clean Development Mechanism (CDM) of the Kyoto Protocol is to assist host countries in achieving sustainable development. With various CDM indicators for 58 CDM host countries over the period 2005-2010, this paper empirically assesses whether CDM project development fulfils its sustainable development objective. Using a unique dynamic panel data method based on the long-differenced model, this research provides convincing evidence that CDM projects contribute to sustainable development in host countries. It sheds light on the role of the CDM in the process of global sustainability with clear policy implications for developing countries and those embracing market instruments.

AB - One of the dual objectives of the Clean Development Mechanism (CDM) of the Kyoto Protocol is to assist host countries in achieving sustainable development. With various CDM indicators for 58 CDM host countries over the period 2005-2010, this paper empirically assesses whether CDM project development fulfils its sustainable development objective. Using a unique dynamic panel data method based on the long-differenced model, this research provides convincing evidence that CDM projects contribute to sustainable development in host countries. It sheds light on the role of the CDM in the process of global sustainability with clear policy implications for developing countries and those embracing market instruments.

U2 - 10.1111/1477-8947.12055

DO - 10.1111/1477-8947.12055

M3 - Journal article

SN - 0165-0203

VL - 38

SP - 248

EP - 260

JO - Natural Resources Forum

JF - Natural Resources Forum

IS - 4

ER -