WP/073 Is the Clean Development Mechanism Effective for Emission Reductions?

TY - UNPB

T1 - WP/073 Is the Clean Development Mechanism Effective for Emission Reductions?

AU - Huang, Yongfu

AU - He, Jingjing

AU - Tarp, Finn

N1 - JEL Classification: O19, Q54, Q56

PY - 2012/8

Y1 - 2012/8

N2 - This research studies whether the Clean Development Mechanism (CDM) of the Kyoto Protocol achieves its objective of emission reductions in the host countries. It empirically investigates the impacts of CDM projects on CO2 emission reductions for 60 CDM host countries over 2005-10. This research makes use of the newly-developed econometric methods for dynamic panel data models associated with X-differencing procedure. It provides evidence in support of a decline in CO2 emissions in the CDM host countries. It has important policy implications that encourage the international community to support developing countries’ efforts towards low-carbon development via CDM projects.

AB - This research studies whether the Clean Development Mechanism (CDM) of the Kyoto Protocol achieves its objective of emission reductions in the host countries. It empirically investigates the impacts of CDM projects on CO2 emission reductions for 60 CDM host countries over 2005-10. This research makes use of the newly-developed econometric methods for dynamic panel data models associated with X-differencing procedure. It provides evidence in support of a decline in CO2 emissions in the CDM host countries. It has important policy implications that encourage the international community to support developing countries’ efforts towards low-carbon development via CDM projects.

M3 - Working paper

T3 - WIDER Working Paper

BT - WP/073 Is the Clean Development Mechanism Effective for Emission Reductions?

PB - UNU-WIDER

CY - Helsinki

ER -