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Is the Clean Development Mechanism Effective for Emission Reductions?

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  • Yongfu Huang
  • Jingjing He
  • Finn Tarp

Abstract

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.

Suggested Citation

  • Yongfu Huang & Jingjing He & Finn Tarp, 2012. "Is the Clean Development Mechanism Effective for Emission Reductions?," WIDER Working Paper Series wp-2012-073, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2012-073
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2012-073.pdf
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    References listed on IDEAS

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    4. He, Jingjing & Huang, Yongfu & Tarp, Finn, 2012. "Is the Clean Development Mechanism Promoting Sustainable Development?," WIDER Working Paper Series 072, World Institute for Development Economic Research (UNU-WIDER).
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    11. Yongfu Huang & Jingjing He & Finn Tarp, 2012. "Is the Clean Development Mechanism Promoting Sustainable Development?," WIDER Working Paper Series wp-2012-072, World Institute for Development Economic Research (UNU-WIDER).
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    13. Nickell, Stephen J, 1981. "Biases in Dynamic Models with Fixed Effects," Econometrica, Econometric Society, vol. 49(6), pages 1417-1426, November.
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    Cited by:

    1. Marcel Probst & Caspar Sauter, 2015. "CO2 Emissions and Greenhouse Gas Policy Stringency - An Empirical Assessment," IRENE Working Papers 15-03, IRENE Institute of Economic Research.
    2. Yongfu Huang & Jingjing He & Finn Tarp, 2012. "Is the Clean Development Mechanism Promoting Sustainable Development?," WIDER Working Paper Series wp-2012-072, World Institute for Development Economic Research (UNU-WIDER).
    3. 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.
    4. repec:unu:wpaper:wp2012-072 is not listed on IDEAS
    5. He, Jingjing & Huang, Yongfu & Tarp, Finn, 2012. "Is the Clean Development Mechanism Promoting Sustainable Development?," WIDER Working Paper Series 072, World Institute for Development Economic Research (UNU-WIDER).

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