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Concept of Regional CDM Approval Body – Bundling Designated National Authorities: Case of West African Economic and Monetary Union – A Public Choice Analysis

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  • Satoguina, Honorat

Abstract

In the Marrakech Accords, the international community established a complex set of rules for the CDM, including a project cycle, indicating certain important responsibilities for the host developing countries such as the approval of CDM projects. Hence, countries have to establish their approval body, which is the Designated National Authority (DNA). In addition, most of the studies and discussions on the DNA structures in Latin America and Caribbean and Indonesia have revealed the DNAs' inability to be financially supported by the developing host countries However, the Marrakech Accords did not specify that the DNA must not be created at national level. Hence, to reduce transaction costs to DNAs, it could be possible to create a regional CDM approval body. The current study suggested this concept between the West African Economic and Monetary Union (WAEMU) countries' which are just in the process of establishing their DNAs. In addition, based on the new political economy, DNA stakeholders' behaviour has been analysed. The study concluded that the regional approval body is economically defensible and represents the social optimum which maximises social welfare. Moreover, until now all the discussions on the DNA have been carried out at the national level. It has never been an attempt to discuss the CDM institution building at the regional level. Hence, this study is an attempt to fill the gap. Based on the results, this study proposes innovatively to establish a joint Approval Body among countries with limited CDM potential.

Suggested Citation

  • Satoguina, Honorat, 2006. "Concept of Regional CDM Approval Body – Bundling Designated National Authorities: Case of West African Economic and Monetary Union – A Public Choice Analysis," HWWA Discussion Papers 352, Hamburg Institute of International Economics (HWWA).
    • Handle: RePEc:zbw:hwwadp:352
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    References listed on IDEAS

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    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Hanh, Dang & Michaelowa, Axel & de Jong, Friso, 2006. "From GHGs abatement potential to viable CDM projects: The case of Cambodia, Lao PDR and Vietnam," HWWA Reports 259, Hamburg Institute of International Economics (HWWA).
    3. Hanh, Dang & Michaelowa, Axel & de Jong, Friso, 2006. "From GHGs Abatement Potential To Viable CDM Projects - The Cases of Cambodia, Lao PDR and Vietnam," Report Series 26121, Hamburg Institute of International Economics.
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    More about this item

    Keywords

    Designated National Authority; architectural design; CDM institution building; regional CDM approval body; transaction costs; economies of scales;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • 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
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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