Department of Agricultural and Resource Economics
The Clean Development Mechanism and its Controversies
- Author(s): Karp, Larry
- Liu, Xuemei
- et al.
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 CD11 and we provide new empirical evidence concerning its potential benefits.