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Bibliographic Details

Title: Corporate Strategies and the Clean Development Mechanism: Developing Country Financing for Developed Country Commitments?
Publisher: Edward Elgar Publishing
Publication Date: 2008
Language: English
ISBN 10: 1847209289
ISBN 13: 9781847209283
Binding: Hardcover
Condition: Near Fine

About this title

Synopsis

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.

About the Author

S�ren Ender L�tken, Affiliated Researcher, Institute for Production, Aalborg University, Denmark and Axel Michaelowa, Department of Political Science, University of Zurich, Switzerland and Perspectives Climate Research, Germany

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