Small and beautiful? The programme of activities and the least developed countries
Bayer, Patrick and Pinkerton, Valerie M. and Urpelainen, Johannes (2015) Small and beautiful? The programme of activities and the least developed countries. Climate and Development, 7 (2). pp. 153-164. ISSN 1756-5537 (https://doi.org/10.1080/17565529.2014.900471)
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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.
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Item type: Article ID code: 69150 Dates: DateEvent31 January 2015Published25 March 2014Published Online16 January 2014AcceptedSubjects: Political Science Department: Faculty of Humanities and Social Sciences (HaSS) > Government and Public Policy > Politics Depositing user: Pure Administrator Date deposited: 31 Jul 2019 11:01 Last modified: 16 Jul 2024 01:30 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/69150