Quick Search:

uzh logo
Browse by:
bullet
bullet
bullet
bullet

Zurich Open Repository and Archive 

Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-62020

Castro, Paula (2012). Does the CDM discourage emission reduction targets in advanced developing countries? Climate Policy, 12(2):198-218.

[img]
Preview
Accepted Version
PDF
449kB

Abstract

Under the Kyoto Protocol, developing countries can voluntarily participate in climate change mitigation through the Clean Development Mechanism (CDM), in which industrialized countries, in order to meet their mitigation commitments, can buy emission reduction credits from projects in developing countries. Before its implementation, developing-country experts opposed the CDM, arguing that it would sell-off their countries’ cheapest emission reduction options and force them to invest in more expensive measures to meet their future reduction targets. This ‘low-hanging fruit’ argument is analysed empirically by comparing marginal abatement cost curves. Emissions abatement costs and potentials for CDM projects are estimated for different technologies in eight countries, using capital budgeting tools and information from project documentation. It is found that the CDM is not yet capturing a large portion of the identified abatement potential in most countries. Although the costs of most emissions reduction opportunities grasped are below the average credit price, there are still plenty of available low-cost opportunities. Mexico and Argentina appear to use the CDM predominantly for harvesting the low-hanging fruit, whereas in the other countries more expensive projects are accessing the CDM. This evidence at first sight challenges the low-hanging fruit claim, but needs to be understood in the light of the barriers for the adoption of low-cost abatement options.

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
DDC:320 Political science
Uncontrolled Keywords:Climate change mitigation, Kyoto Protocol, Clean Development Mechanism (CDM), Abatement costs, Low-hanging fruit problem, Marginal abatement cost curve
Language:English
Date:March 2012
Deposited On:30 Apr 2012 15:35
Last Modified:18 Dec 2013 15:09
Publisher:Taylor & Francis
ISSN:1469-3062
Publisher DOI:10.1080/14693062.2011.592658
Citations:Web of Science®. Times Cited: 5
Google Scholar™
Scopus®. Citation Count: 6

Users (please log in): suggest update or correction for this item

Repository Staff Only: item control page