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Co-benefits and additionality of the clean development mechanism: An empirical analysis

Publication ,  Journal Article
Zhang, J; Wang, C
Published in: Journal of Environmental Economics and Management
September 1, 2011

The Clean Development Mechanism (CDM) allows industrialized countries to comply with the Kyoto Protocol by using carbon offsets from developing countries. There are two puzzles within this carbon market: additionality (the proposed activity would not have occurred in its absence) and co-benefits (the project has other environmental benefits besides climate mitigation). This paper proposes an econometric approach to evaluate the CDM effect on sulfur dioxide emission reductions and assess its additionality indirectly. Our empirical model is applied to China's emissions at the prefecture level. We found that the CDM does not have a statistically significant effect in lowering sulfur dioxide emissions. This result casts doubt on additionality of these CDM activities, that is, they would have happened anyway. © 2011 Elsevier Inc.

Duke Scholars

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Published In

Journal of Environmental Economics and Management

DOI

EISSN

1096-0449

ISSN

0095-0696

Publication Date

September 1, 2011

Volume

62

Issue

2

Start / End Page

140 / 154

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management
 

Citation

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Zhang, J., & Wang, C. (2011). Co-benefits and additionality of the clean development mechanism: An empirical analysis. Journal of Environmental Economics and Management, 62(2), 140–154. https://doi.org/10.1016/j.jeem.2011.03.003
Zhang, J., and C. Wang. “Co-benefits and additionality of the clean development mechanism: An empirical analysis.” Journal of Environmental Economics and Management 62, no. 2 (September 1, 2011): 140–54. https://doi.org/10.1016/j.jeem.2011.03.003.
Zhang J, Wang C. Co-benefits and additionality of the clean development mechanism: An empirical analysis. Journal of Environmental Economics and Management. 2011 Sep 1;62(2):140–54.
Zhang, J., and C. Wang. “Co-benefits and additionality of the clean development mechanism: An empirical analysis.” Journal of Environmental Economics and Management, vol. 62, no. 2, Sept. 2011, pp. 140–54. Scopus, doi:10.1016/j.jeem.2011.03.003.
Zhang J, Wang C. Co-benefits and additionality of the clean development mechanism: An empirical analysis. Journal of Environmental Economics and Management. 2011 Sep 1;62(2):140–154.
Journal cover image

Published In

Journal of Environmental Economics and Management

DOI

EISSN

1096-0449

ISSN

0095-0696

Publication Date

September 1, 2011

Volume

62

Issue

2

Start / End Page

140 / 154

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management