The Clean Development Mechanism: A Bane or a Boon for Developing Countries? |
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Authors: | Olsen Kim R. Painuly Jyoti P. |
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Affiliation: | (1) UNEP Collaborating Centre on Energy and Environment, RISØ National Laboratory in Roskilde, P.O. Box 49, DK-4000 Roskilde, Denmark;(2) Institute of Economics, University of Copenhagen, DenmarkE-mail |
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Abstract: | We analyse the gains to developing countries from the participation in the CDM during the Kyoto period (until 2010) in the event an emissions trading (ET) regime exists in the post-Kyoto period (2010–20). We show that the developing countries will always be better-off participating in the CDM if the emissions quota they get in the post-Kyoto period is not linked to their baseline emissions. However if their quota equals (or is related to) their baseline emissions, CDM participation strategy may be a preferred alternative only if the CDM price is high enough to off-set the losses of the post-Kyoto period (during ET regime) due to participation in the CDM. We simulate the CDM and ET in the Kyoto and post-Kyoto period and show that with the reduction targets given in the Kyoto Protocol for Annex B countries, participation in the CDM is beneficial to non-Annex B (developing) countries, even if their emissions quota in the post-Kyoto period (during ET regime) is determined by their baseline emissions. Abatement supply price in the post-Kyoto period however turns out to be crucial factor in this case. |
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Keywords: | climate change clean development mechanism emission trading developing countries gain estimation Kyoto Protocol |
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