Strand, Jon; Rosendahl, Knut Einar - In: Resource and Energy Economics 34 (2012) 4, pp. 533-548
CDM is an offset mechanism designed to reduce the overall cost of implementing a given global target for greenhouse gas (GHG) emissions in Annex B countries of the Kyoto Protocol. A problem with CDM is that it provides incentives to increase, if possible, the baseline emissions for CDM projects,...