This research determines whether and how an equitable geographic distribution of Clean Development Mechanism (CDM) projects can be achieved. In particular, it examines whether the CDM legal regime can achieve an equitable geographic distribution of projects, or whether the issues that contribute...

The authors examine the implementation of environmental regulation and demonstrate that path dependency, created largely by resource constraints, narrows the range of options for implementing regulation. It also magnifies the impact of the institutional history of the regulatory body and the...