The cost structure of the clean development mechanism

● By Shaikh M. Rahman, Donald F. Larson and Ariel Dinar ● This recent World Bank paper examines the cost of producing emission reduction credits under the Clean Development Mechanism. Using project-specific data, cost functions are estimated using alternative functional forms. The results show that, in general, the distribution of projects in the pipeline does not correspond exclusively to the cost of generating anticipated credits. Rather, investment choices appear to be influenced by location and project type considerations in a way that is consistent with variable transaction costs and investor preferences among hosts and classes of projects ...Zum vollständigen Artikel

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