• IVA HRISTOVA Universite Paris-Dauphine, France



The purpose of this paper is to study the effects of CDM projects implementation on the most important host countries (China, Brazil, Mexico and South Korea). The analysis concerns the 2003-2010 period and aims to define CDM’s potential impacts in terms of GHG emissions, GHG intensities, renewable energies spread, sustainable development and economic growth. As far as economic growth is concerned, we adapt the theoretical framework developed within the FDI-growth nexus, given the existing similarities between CDM and FDI investments.



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