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Development aid and carbon market

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  • Mustapha Kleiche

Abstract

[eng] The participation of developing countries in the « carbon » market is made possible only through the Clean Development Mechanism. It has two objectives by allowing developed countries to reduce their emissions at low costs and by contributing to the sustainable development of the developing countries. According to the most recent studies, the developing countries will benefit from CDM market an income and flows of investment associated summing up respectively approximately to $ 1bn and $ 6bn annually over the period 2008-12 ($ 13bn for ODA and $ 70bn for FDI). However, because of the proximity of the commitment period, uncertainties regarding Post-Kyoto, and the complexity nature of the CDM, the current trends in the « carbon » market are not in favour of these countries. Vis-à-vis this situation, the role of a development agency will be to contribute to the reduction of the transaction costs in order to facilitate financial flows and to help them in maximising the sustainable benefits of CDM projects. . JEL classification : F35, K32, Q01, Q25, Q28

Suggested Citation

  • Mustapha Kleiche, 2006. "Development aid and carbon market," Revue d'Économie Financière, Programme National Persée, vol. 83(2), pages 53-73.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2006_num_83_2_4423
    DOI: 10.3406/ecofi.2006.4423
    Note: DOI:10.3406/ecofi.2006.4423
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    References listed on IDEAS

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    1. ZhongXiang Zhang, 2000. "Estimating the size of the potential market for the Kyoto flexibility mechanisms," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(3), pages 491-521, September.
    2. repec:dgr:rugccs:199920 is not listed on IDEAS
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    More about this item

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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