Affiliation:
1. South China Normal University
Abstract
Clean Development Mechanism is one of the Climate Mitigation tools with the purposes to reduce GHGs. We resemble the one-shot public-goods game to deduce the constraints for CDM’s long-term effectiveness. By studying PDDs of China’s registered programs, we find the effect of technology transfer is not obvious. The dilemma between CDM’s additionality and host countries’ environment policies, as well as the dilemma between CDM as public good and technology as private good can account for the uncertainty about CDM after the expiring of Kyoto Protocols. Our analysis shows with the development of Carbon Finance of the host countries and the symmetry of information between each participant have a positive affect on the effectiveness of CDM.
Publisher
Trans Tech Publications, Ltd.
Reference10 articles.
1. Benz, Trück, Modeling the price dynamics of CO2 emission allowances, Energy Economics Vol. 31 (2009),P. 4-15.
2. Emst&Young. Reaserch on the Degree of Knowledge Sharing,. Computer World, Vol. 37(2000),P. 12-17.
3. Fatemeh Nazifi, Modeling the Price Spread between the EUA and the CER Carbon Prices, working paper, (2010).
4. George Daskalakis, Dimitris Psychoyios and Raphael N. Markellos: Modeling CO2 emission allowance prices and derivatives: Evidence from the European trading scheme,. Journal of Banking & Finance, Vol. 33(2009), pp.1230-1241.
5. Hamel,G. Out sourcing and industrial decline,. Academy of Management Executive, Vol. 6(1992),P. 7-22.