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Purpose – The purpose of this paper is to explore the clean development mechanism (CDM) which creates carbon credits from emission abatement projects in developing economies. The paper aims to examine the operation of the CDM with specific reference to fraud vulnerabilities regarding the...
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and its compatibility with the goals of sustainability; the case of excessive pollution due to adverse selection, moral …. Practical implications – This paper discusses the major issues and examples of pollution and biodiversity degradation that need … to be considered with sustainable finance. The paper also shows why economic growth without considering pollution impacts …
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