This paper examines the cost of producing emission reduction credits under the Clean Development Mechanism. Using project-specific data, cost functions are estimated using alternative functional forms...
Under the Kyoto Protocol, developed countries can only tap mitigation opportunities in developing countries by investing in projects under the Clean Development Mechanism. Yet Clean Development Mechanism...
El mecanismo de desarrollo limpio, una aportación del Protocolo de Kioto, permite que los países que han acordado reducir las emisiones de gases de efecto invernadero ganen credibilidad en cuanto a las...
The scale of investment needed to slow greenhouse gas emissions is larger than governments can manage through transfers. Therefore, climate change policies rely heavily on markets and private capital...