Development Mechanism (CDM). Numerical simulations with a computable general equilibrium model of the global economy demonstrate … competitiveness implications. The simulations further indicate that limited access to low-cost emission abatement via the CDM in the …

'Against all odds, the CDM has shown that market mechanisms for greenhouse gas reduction in developing countries can … work. Nevertheless, as Paula Castro explains convincingly, the CDM is no "magic bullet". Advanced developing countries need … to be "weaned off" the CDM in order to take up commitments, while the monetary incentive from emission credit sales is …