Details
| Original language | English |
|---|---|
| Pages (from-to) | 201-212 |
| Number of pages | 12 |
| Journal | World development |
| Volume | 62 |
| Early online date | 6 Jun 2014 |
| Publication status | Published - Oct 2014 |
Abstract
African countries have hardly used the opportunity to implement CDM projects and thereby turn environmental problems into business and development opportunities. This paper finds out why by identifying factors of CDM partnerships. Our gravity model analyzes flows of Certified Emission Reductions (CERs) between host and financier countries. Findings show that foreign direct investments, official development assistance, and trade have a positive influence on project attraction. A distinction between project initiation and CER flow size shows that the specific shortcomings of African countries lie with the initial attraction of investors. This points to an inadequacy in the initial process of project generation.
Keywords
- Africa, Clean Development Mechanism, Foreign direct investment, Gravity model, Heckman, Official development assistance
ASJC Scopus subject areas
- Social Sciences(all)
- Geography, Planning and Development
- Social Sciences(all)
- Development
- Social Sciences(all)
- Sociology and Political Science
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
Sustainable Development Goals
Cite this
- Standard
- Harvard
- Apa
- Vancouver
- BibTeX
- RIS
In: World development, Vol. 62, 10.2014, p. 201-212.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Africa and the clean development mechanism
T2 - What determines project investments?
AU - Röttgers, Dirk
AU - Grote, Ulrike
PY - 2014/10
Y1 - 2014/10
N2 - African countries have hardly used the opportunity to implement CDM projects and thereby turn environmental problems into business and development opportunities. This paper finds out why by identifying factors of CDM partnerships. Our gravity model analyzes flows of Certified Emission Reductions (CERs) between host and financier countries. Findings show that foreign direct investments, official development assistance, and trade have a positive influence on project attraction. A distinction between project initiation and CER flow size shows that the specific shortcomings of African countries lie with the initial attraction of investors. This points to an inadequacy in the initial process of project generation.
AB - African countries have hardly used the opportunity to implement CDM projects and thereby turn environmental problems into business and development opportunities. This paper finds out why by identifying factors of CDM partnerships. Our gravity model analyzes flows of Certified Emission Reductions (CERs) between host and financier countries. Findings show that foreign direct investments, official development assistance, and trade have a positive influence on project attraction. A distinction between project initiation and CER flow size shows that the specific shortcomings of African countries lie with the initial attraction of investors. This points to an inadequacy in the initial process of project generation.
KW - Africa
KW - Clean Development Mechanism
KW - Foreign direct investment
KW - Gravity model
KW - Heckman
KW - Official development assistance
UR - http://www.scopus.com/inward/record.url?scp=84901986090&partnerID=8YFLogxK
U2 - 10.1016/j.worlddev.2014.05.009
DO - 10.1016/j.worlddev.2014.05.009
M3 - Article
AN - SCOPUS:84901986090
VL - 62
SP - 201
EP - 212
JO - World development
JF - World development
SN - 0305-750X
ER -