Bréchet, Thierry; Ménière, Yann; Picard, Pierre M. - Centre de Recherche en Économie Appliquée (CREA), … - 2011
This paper discusses the role of the Clean DevelopmentMechanisms (CDM) on the market for carbon quotas and countries' commitments to reduce their carbon emission levels. We show that the CDM contributes to an efficient funding of clean technology investments in least developed countries. How-...