This book assesses the structure of projects under the Clean Development Mechanism (CDM) of the Kyoto Protocol. It explains why, instead of the expected bilateral structure where a company from an industrialized country invests in a project in a developing country and receives the emission reduction credits in return, a unilateral structure prevails whereby a company from a developing country finances the emission reduction project itself and sells the emission reduction credits. The book arrives at three fundamental, interconnected, conclusions: CDM is logically a unilaterally driven investment activity; CDM investment is an irrelevant compliance instrument for companies from industrialised countries and that this state of affairs is unlikely to change post 2012; and CDM thrives in less equal and less ambitious post-2012 climate regimes.
Unique in its analysis of corporate views on investment in CDM projects, this book will find widespread appeal amongst climate policy analysts, company representatives involved in developing CDM acquisition strategies and climate policymakers. It will also be of interest to anyone involved in the study of climate change, emissions reduction and trading and carbon markets.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Søren Ender Lütken, Affiliated Researcher, Institute for Production, Aalborg University, Denmark and Axel Michaelowa, Department of Political Science, University of Zurich, Switzerland and Perspectives Climate Research, Germany
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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