Small and beautiful? The programme of activities and the least developed countries

Patrick Bayer, Valerie M. Pinkerton, Johannes Urpelainen

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Most carbon abatement projects under the Kyoto Protocol's Clean Development Mechanism (CDM) have been implemented in rapidly industrializing countries, notably China and India. To support small carbon abatement projects and to promote decarbonization in the least developed countries, the Programme of Activities (PoA) modality was introduced. Are the determinants of project implementation different under the PoA from those of conventional CDM projects? To answer this question, we conduct a statistical analysis of the global distribution of CDM projects and PoAs during the years 2007–2012. In regard to country size, large countries clearly dominate both the CDM and PoA, suggesting that the PoA may do only little to facilitate project implementation in small countries. However, the number of PoAs has a strong negative association with a country's corruption level, while the importance of corruption for the CDM is much smaller. Moreover, per capita income has no effect on PoA implementation, while high wealth levels have a weak positive effect on CDM projects. Thus, the PoA modality seems to promote sustainable development in poor countries that have exceeded a certain threshold of good governance. In this regard, PoAs are directing carbon credits to new areas, as many had initially hoped.

LanguageEnglish
Pages153-164
Number of pages12
JournalClimate and Development
Volume7
Issue number2
Early online date25 Mar 2014
DOIs
Publication statusPublished - 31 Jan 2015

Fingerprint

clean development mechanism
corruption
carbon
Kyoto Protocol
good governance
programme
developed country
project
statistical analysis
credit
sustainable development
income
determinants
India
China

Keywords

  • clean development mechanism
  • climate policy
  • flexibility mechanisms
  • governance
  • Kyoto Protocol
  • programme of activities

Cite this

Bayer, Patrick ; Pinkerton, Valerie M. ; Urpelainen, Johannes. / Small and beautiful? The programme of activities and the least developed countries. In: Climate and Development. 2015 ; Vol. 7, No. 2. pp. 153-164.
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Small and beautiful? The programme of activities and the least developed countries. / Bayer, Patrick; Pinkerton, Valerie M.; Urpelainen, Johannes.

In: Climate and Development, Vol. 7, No. 2, 31.01.2015, p. 153-164.

Research output: Contribution to journalArticle

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