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How to design and use the clean development mechanism under the Kyoto Protocol? A developing country perspective

机译:如何设计和使用《京都议定书》之下的清洁发展机制?发展中国家的观点

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摘要

Under the Kyoto Protocol, industrialized countries committed to emission reductions may fullfil part of their obligations by implementing emission reduction projects in developing countries. In doing so, they make use of the so-called Clean Development Mechanism (CDM). Two important issues surround the implementation of the CDM. First, if the cheapest abatement measures are implemented for CDM projects, developing countries may be left with only more expensive measures when they have to meet their own commitments in the future (the so-called low-hanging fruits (LHF) issue). Second, a choice must be made on the type of baseline against which emission reductions are measured: an absolute baseline or a relative (to output) one (the baseline issue). The purpose of this paper is to study the interactions between these two issues from the point of view of the developing country. Two major results are obtained. First, when possible future commitments for developing countries and irreversibility of abatement measures are taken into account, we show that the industry where CDM projects are implemented enjoys larger profits under an absolute baseline than under a relative one. Second, concerning the LHF problem, the financial compensation required by the developing country for implementing 'too many' CDM projects is larger under the relative baseline.
机译:根据《京都议定书》,致力于减排的工业化国家可以通过在发展​​中国家实施减排项目来履行其部分义务。在此过程中,他们利用了所谓的清洁发展机制(CDM)。 CDM的实施涉及两个重要问题。首先,如果对CDM项目实施最便宜的减排措施,则发展中国家在将来不得不履行自己的承诺时,可能只剩下更为昂贵的措施(所谓的“低挂水果”问题)。其次,必须根据要测量的减排量的基线类型进行选择:绝对基线或相对基线(相对于产出)(基线问题)。本文的目的是从发展中国家的角度研究这两个问题之间的相互作用。获得两个主要结果。首先,当考虑到对发展中国家的未来可能的承诺和减排措施的不可逆转时,我们表明,实施CDM项目的行业在绝对基准下的利润要高于相对基准。第二,关于LHF问题,在相对基准下,发展中国家实施“太多”的CDM项目所需的经济补偿较大。

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