Does the Clean Development Mechanism have a Viable Future?

by Cathrine Hagem and Bjart Holtsmark

- We argue that the CDM is not an efficient tool for achieving deep cuts in global emissions and conclude that maintaining the CDM as an option for developing countries may in itself be a serious obstacle to more binding participation by these countries.

Hagem, C. and B. Holtsmark (2009). "Does the Clean Development Mechanism have a viable future?" Statistics Norway, Research Department, Discussion Papers No. 577, February.