Dinar, Ariel; Mahfuzur Rahman, Shaikh; Larson, Donald; … - Economics Research, World Bank Group - 2008
The Clean Development Mechanism, a provision of The Kyoto Protocol, allows countries that have pledged to reduce their …) countries. Such projects are expected to benefit both parties by providing low-cost abatement opportunities for the investor …-country, while facilitating capital and technology flows to the host country. This paper analyzes the Clean Development Mechanism …