Corporate Strategies and the Clean Development Mechanism: Developing Country Financing for Developed Country Commitments?

By Axel Michaelowa and S.E. Lütken

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.

• Format: Hardcover
• Language: English
• ISBN: 1847209289
• ISBN13: 9781847209283
• Release Date: December 2008
• Publisher: Edward Elgar Publishing
• Length: 192 Pages
• Weight: 1.00 lbs.
• Dimensions: 9.3" x 0.5" x 6.3"