the clean development mechanism (cdm) under the kyoto protocol is the only mechanism with dual objectives in which non-annex b countries of the protocol, particular developing countries, have the ability to participate in it. certified emission reduction (cer) units resulting from the activities of the cdm projects are the tradable units that usually traded by the participants in these projects...

One of the dual objectives of the Clean Development Mechanism (CDM) of the Kyoto Protocol is to promote sustainable development in the host countries. With different CDM indicators for 58 CDM host countries over 2005-10, this paper empirically assesses whether CDM project development fulfils this objective of sustainable development. Using a unique dynamic panel data method based on long-differ...

This paper discusses the role of the Clean Development Mechanism (CDM) on the market for carbon quotas and countries’ commitments to reduce their carbon emission levels. We show that the CDM contributes to an efficient funding of clean technology investments in least developed countries. However, the CDM is not neutral on the global level of carbon emissions as it entices countries to raise the...