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A Unilateral Future for the CDM?

In: Corporate Strategies and the Clean Development Mechanism

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Abstract

Mechanism (CDM) of the Kyoto Protocol. It explains why, instead of the expected bilateral structure where a company from an industrialized country invests in a project in a developing country and receives the emission reduction credits in return, a unilateral structure prevails whereby a company from a developing country finances the emission reduction project itself and sells the emission reduction credits. The book arrives at three fundamental, interconnected, conclusions: CDM is logically a unilaterally driven investment activity; CDM investment is an irrelevant compliance instrument for companies from industrialised countries and that this state of affairs is unlikely to change post 2012; and CDM thrives in less equal and less ambitious post-2012 climate regimes.

Suggested Citation

  • ., 2008. "A Unilateral Future for the CDM?," Chapters, in: Corporate Strategies and the Clean Development Mechanism, chapter 4, pages 110-146, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13159_4
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