Interest groups and efficient design of the Clean Development Mechanism under the Kyoto Protocol
by Axel Michaelowa, Michael Dutschke
International Journal of Sustainable Development (IJSD), Vol. 1, No. 1, 1998

Abstract: The implementation of activities aimed at mitigating global greenhouse gas emissions is more cost-efficient in developing countries than in most of the industrialised world. Nevertheless, efficient mitigation may have adverse effects on equity. A Clean Development Mechanism (CDM) is therefore to assure that the interests of all parties implicated in Joint Implementation between industrialised and developing countries be equally represented. This mechanism was decided on at the Kyoto Conference of the Parties to the Framework Convention on Climate Change, but no provisions on the construction of the CDM were taken. We propose it to take the form of a clearinghouse and a project fund. In the light of game-theoretical analysis and practical experience collected during the pilot phase for Activities Implemented Jointly, which started in 1995, we advocate a clearly defined set of rules and incentives in order to balance the variety of interests involved and, at the same time, make the CDM an efficient instrument in mitigating climate change while preventing negative distributional implications.

Online publication date: Mon, 10-May-2004

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Sustainable Development (IJSD):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com