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Factors Affecting the Distribution of CERs: A Cross-Sectional Empirical Analysis

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  • Kasai, Katsuya

Abstract

The CDM has promoted GHG reduction activities in developing countries. There is, however, a controversial issue of an unequal distribution of CDM benefits among developing nations. To date, some emerging economies have been receiving the majority of CERs while most LDCs have few of them. This paper, hence, attempts to empirically identify determinants of the amount of CERs in order to suggest potential approaches for LDCs. Consequently, this paper finds that GHG reduction potentials, governance levels, and science and technical levels have significant positive effects on the amount of CERs. In contrast, looking at host countries in LDCs, ODA is the only factor having significant positive effects. This seems to show that CDM activities in LDCs have been implemented against the principle of market mechanism. Ultimately, this paper suggests that, LDCs ought to ameliorate their endogenous factors (i.e., governance levels and science and technical levels), and that international organization and advanced nations should further encourage LDCs by providing finance and capacity development programs.

Suggested Citation

  • Kasai, Katsuya, 2012. "Factors Affecting the Distribution of CERs: A Cross-Sectional Empirical Analysis," MPRA Paper 52163, University Library of Munich, Germany, revised Jan 2013.
    • Handle: RePEc:pra:mprapa:52163
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    References listed on IDEAS

    as
    1. Jingjing He & Yongfu Huang & Finn Tarp, 2014. "Is the Clean Development Mechanism effective for emission reductions?," Greenhouse Gases: Science and Technology, Blackwell Publishing, vol. 4(6), pages 750-760, December.
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    More about this item

    Keywords

    CDM; CER; LDCs; Kyoto Protocol; unequal distribution; global warming;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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