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What determines UN approval of greenhouse gas emission reduction projects in developing countries?: An analysis of decision making on the CDM Executive Board


Flues, F; Michaelowa, A; Michaelowa, K (2010). What determines UN approval of greenhouse gas emission reduction projects in developing countries?: An analysis of decision making on the CDM Executive Board. Public Choice, 145(1-2):1-24.

Abstract

The Clean Development Mechanism (CDM), established by the Kyoto protocol, can generate substantial rents for project participants via the sale of Certified Emission Reductions. For this reason, supposedly technical decisions about the approval of CDM methodologies and about the registration of projects may be driven by benefits to specific countries or interest groups. Our econometric analysis of data for about 250 methodologies and about 1000 projects discussed by the CDM Executive Board (EB) so far, suggests that indeed, along with formal quality criteria, political-economic variables determine the final EB decision.

Abstract

The Clean Development Mechanism (CDM), established by the Kyoto protocol, can generate substantial rents for project participants via the sale of Certified Emission Reductions. For this reason, supposedly technical decisions about the approval of CDM methodologies and about the registration of projects may be driven by benefits to specific countries or interest groups. Our econometric analysis of data for about 250 methodologies and about 1000 projects discussed by the CDM Executive Board (EB) so far, suggests that indeed, along with formal quality criteria, political-economic variables determine the final EB decision.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Uncontrolled Keywords:International climate policy, CDM, political economy, rational choice, international organization
Language:English
Date:2010
Deposited On:25 Nov 2009 05:55
Last Modified:05 Apr 2016 13:32
Publisher:Springer
ISSN:0048-5829
Additional Information:Deposit contains Data Appendix. - The original publication is available at www.springerlink.com
Publisher DOI:https://doi.org/10.1007/s11127-009-9525-9

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