The Clean Development Mechanism and Its Controversies
- Author(s): Karp, Larry
- et al.
Published Web Locationhttp://www.sciencedirect.com/science?_ob=MImg&_imagekey=B6V85-48BC1PP-1-5D&_cdi=5861&_orig=browse&_coverDate=01%2F31%2F2004&_sk=999719995&view=c&wchp=dGLbVlz-zSkzk&_acct=C000059607&_version=1&_userid=4420&md5=77731c4b12b6a6a1e61f061b6227e49c&ie=f.pdf
The Clean Development Mechanism (CDM) has been proposed as a means of reducing the costs of abating greenhouse gasses, and for assisting developing countries. Although the CDM offers apparent environmental benefits, in addition to benefiting both investors and developing country hosts, it has generated considerable controversy. We review and evaluate the arguments surrounding the CDM and we provide new empirical evidence concerning its potential benefits.