Publication:
The Cost Structure of the Clean Development Mechanism

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dc.contributor.authorRahman, Shaikh M.
dc.contributor.authorLarson, Donald F.
dc.contributor.authorDinar, Ariel
dc.date.accessioned2014-09-02T18:54:03Z
dc.date.available2014-09-02T18:54:03Z
dc.date.issued2012-11
dc.description.abstractThis paper examines the cost of producing emission reduction credits under the Clean Development Mechanism. Using project-specific data, cost functions are estimated using alternative functional forms. The results show that, in general, the distribution of projects in the pipeline does not correspond exclusively to the cost of generating anticipated credits. Rather, investment choices appear to be influenced by location and project type considerations in a way that is consistent with variable transaction costs and investor preferences among hosts and classes of projects. This implies that comparative advantage based on the marginal cost of abatement is only one of several factors driving Clean Development Mechanism investments. This is significant since much of the conceptual and applied numerical literature concerning greenhouse gas mitigation policies relies on presumptions about relative abatement costs. The authors also find that Clean Development Mechanism projects generally exhibit constant or increasing returns to scale. In contrast, they find variations among classes of projects concerning economies of time.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/11/16952290/cost-structure-clean-development-mechanism
dc.identifier.doi10.1596/1813-9450-6262
dc.identifier.urihttps://hdl.handle.net/10986/19929
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6262
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABATEMENT COSTS
dc.subjectABATEMENT TECHNOLOGY
dc.subjectAFFORESTATION
dc.subjectAGGREGATE LEVEL
dc.subjectAIR
dc.subjectAIR POLLUTION
dc.subjectALTERNATIVE METHODS
dc.subjectAMOUNT OF EMISSIONS
dc.subjectANIMAL WASTE
dc.subjectANTHROPOGENIC GREENHOUSE
dc.subjectANTHROPOGENIC GREENHOUSE GAS
dc.subjectAPPROACH
dc.subjectATMOSPHERE
dc.subjectBASELINE EMISSIONS
dc.subjectBIOGAS
dc.subjectCALCULATION
dc.subjectCAPITAL COST
dc.subjectCAPITAL COST DATA
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCARBON
dc.subjectCARBON CAP
dc.subjectCARBON DIOXIDE
dc.subjectCARBON EMISSIONS
dc.subjectCARBON MARKET
dc.subjectCEMENT
dc.subjectCERTIFIED EMISSION REDUCTION
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectCLIMATIC CHANGE
dc.subjectCO2
dc.subjectCOAL
dc.subjectCOAL MINE
dc.subjectCOST OF PRODUCTION
dc.subjectCOSTS OF ABATEMENT
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISCOUNT FACTOR
dc.subjectDRIVING
dc.subjectECOLOGICAL ECONOMICS
dc.subjectECONOMICS OF CLIMATE CHANGE
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITIES
dc.subjectELASTICITY
dc.subjectELECTRIC POWER
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATING
dc.subjectELECTRICITY GENERATION
dc.subjectELECTRICITY GENERATION CAPACITY
dc.subjectELECTRICITY PRICES
dc.subjectELECTRICITY PRICING
dc.subjectELECTRICITY SALES
dc.subjectELECTRICITY TARIFF
dc.subjectELECTRICITY TARIFFS
dc.subjectEMISSION ABATEMENT
dc.subjectEMISSION CONTROL
dc.subjectEMISSION PERMITS
dc.subjectEMISSION RATES
dc.subjectEMISSION REDUCTION
dc.subjectEMISSION REDUCTION CREDIT
dc.subjectEMISSION REDUCTION TARGETS
dc.subjectEMISSION TRADING
dc.subjectEMISSIONS
dc.subjectEMISSIONS ABATEMENT
dc.subjectEMISSIONS REDUCTION
dc.subjectEMISSIONS REDUCTIONS
dc.subjectENERGY EFFICIENCY
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectENVIRONMENTAL REGULATION
dc.subjectFIXED COSTS
dc.subjectFOREST
dc.subjectFORESTRY
dc.subjectFORESTRY PROJECTS
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectFRAMEWORK CONVENTION ON CLIMATE CHANGE
dc.subjectFUEL SWITCHING
dc.subjectGENERATING CAPACITY
dc.subjectGENERATION CAPACITY
dc.subjectGHG
dc.subjectGHGS
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS ABATEMENT
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GAS MITIGATION
dc.subjectGREENHOUSE GASES
dc.subjectHFCS
dc.subjectHOURS OF OPERATION
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL ENERGY AGENCY
dc.subjectINVESTMENT DECISIONS
dc.subjectLAND ECONOMICS
dc.subjectLANDFILL
dc.subjectLANDFILL GAS
dc.subjectLEVELS OF EMISSIONS
dc.subjectLOWER COSTS
dc.subjectMARGINAL ABATEMENT
dc.subjectMARGINAL ABATEMENT COST
dc.subjectMARGINAL COST
dc.subjectMARGINAL COST OF ABATEMENT
dc.subjectMETHANE
dc.subjectMITIGATION POTENTIAL
dc.subjectN2O
dc.subjectNET COST
dc.subjectNITROGEN
dc.subjectNITROUS OXIDE
dc.subjectNUCLEAR ENERGY
dc.subjectPFCS
dc.subjectPIPELINE
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLLUTANTS
dc.subjectPOLLUTION LEVELS
dc.subjectPOLLUTION LOAD
dc.subjectPORTFOLIO
dc.subjectPOWER GENERATION
dc.subjectPOWER GENERATION CAPACITY
dc.subjectPOWER SECTOR
dc.subjectPRESENT COST
dc.subjectPRESENT VALUE
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY PROJECTS
dc.subjectRENEWABLE RESOURCE
dc.subjectRESOURCE ECONOMICS
dc.subjectSO2
dc.subjectSOLAR POWER
dc.subjectSUBSTITUTION
dc.subjectSULFUR
dc.subjectSULFUR EMISSIONS
dc.subjectSUPPLY SIDE
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTOTAL COST
dc.subjectTOTAL COSTS
dc.subjectTOTAL EMISSIONS
dc.subjectTRADABLE EMISSION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPORT
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION PROJECTS
dc.subjectTRUE
dc.subjectUNCERTAINTIES
dc.subjectUNEP
dc.subjectVARIABLE COST
dc.subjectWASTEWATER TREATMENT
dc.subjectWATER POLLUTION
dc.subjectWATER QUALITY
dc.subjectWATER TREATMENT
dc.subjectWIND
dc.subjectWIND FARM
dc.titleThe Cost Structure of the Clean Development Mechanismen
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.crossref.titleThe Cost Structure of the Clean Development Mechanism
okr.date.disclosure2012-11-01
okr.date.doiregistration2025-04-10T12:14:37.867676Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/11/16952290/cost-structure-clean-development-mechanism
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeEnergy and Extractives
okr.guid166581468337278155
okr.identifier.doi10.1596/1813-9450-6262
okr.identifier.externaldocumentum000158349_20121113115028
okr.identifier.internaldocumentum16952290
okr.identifier.reportWPS6262
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/11/13/000158349_20121113115028/Rendered/PDF/wps6262.pdfen
okr.sectorEnergy and mining :: General energy sector
okr.themeEnvironment and natural resources management :: Climate change
okr.themeEnvironment and natural resource management
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicEnergy::Energy and Environment
okr.topicTransport Economics Policy and Planning
okr.topicEnergy::Energy Production and Transportation
okr.topicTransport
okr.unitAgriculture and Rural Development Team, Development Research Group
okr.volume1 of 1
relation.isAuthorOfPublicationccfad8dc-1a1e-50df-9b84-ea4470d50b39
relation.isAuthorOfPublication.latestForDiscoveryccfad8dc-1a1e-50df-9b84-ea4470d50b39
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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