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Transaction Cost and Operation Methodology For The Clean Development Mechanism

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Joyendu Bhadury, Associate Dean - Graduate Programs and Research (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: The "clean development mechanism" (CDM) is the most important outcome for implementing the Kyoto Protocol. It is expected to help the developed countries meet their obligations of greenhouse gases reduction while at the same time promoting sustainable" development in the developing countries for environmental protection and energy efficiency. This paper identifies two critical economic factors that will determine the effectiveness of CDM. The first is the associated transaction costs that will reduce the attractiveness of the CDM compared to other domestic options for energy investment, The second factor is the methodologies available for reducing the carbon emission and improving energy efficiency. We explain how these two factors affect the exchange of demand and supply through the CDM projects.

Additional Information

Publication
Journal of International Business and Economics. Vol. VI, No. 1, pp-191-195 (2006)
Language: English
Date: 2006
Keywords
Clean development mechanism (CDM), Kyoto Protocol, Greenhouse gases reduction