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Does Geography Matter for the CleanDevelopment Mechanism?
 
Yongfu Huang and Terry Barker March 2009 
Tyndall Centre for Climate Change ResearchWorking Paper 131
 
 
Does Geography Matter for the Clean Development Mechanism?
 Yongfu Huang and Terry Barker
Tyndall Working Paper 131, March 2009
Please note that Tyndall working papers are "work in progress". Whilst they arecommented on by Tyndall researchers, they have not been subject to a full peer review.The accuracy of this work and the conclusions reached are the responsibility of theauthor(s) alone and not the Tyndall Centre.
 
Does Geography Matter for theClean Development Mechanism?
∗
Yongfu Huang
a
†
Terry Barker
aa
4CMR, Department of Land Economy, University of Cambridge19 Silver Street, Cambridge CB3 9EPFebruary 17, 2009
Abstract
Under the Kyoto Protocol, the Clean Development Mechanism(CDM) is designed to serve the dual purposes of allowing the industri-alised countries to earn credits by investing in project activities thatreduce greenhouse gas (GHG) emissions, while contributing to sus-tainable development in developing countries via the
fl
ows of technol-ogy and capital. The fact that the geographic distribution of CDMprojects is highly uneven motivates this research into whether cer-tain geographic endowments matter for the CDM development. Thisresearch suggests that CDM credit
fl
ows in a country are positivelya
ff 
ected by those in its neighbouring countries. Countries with higherabsolute latitudes and elevations tend to initiate more CDM projects,whereas countries having richer natural resources do not seem to un-dertake more CDM projects. This
fi
nding sheds light on the geographicdeterminants of uneven CDM development across countries, and hasimplications for developing countries in terms of international cooper-ation and national capacity building to e
ff 
ectively access the CDM.
Keywords:
Clean Development Mechanism; Geography; NaturalResources; Spatial Dependence
JEL Classi
fi
cation:
Q01
;
Q56
∗
We thank Mark Roberts, Linn Dicks, Esteve Corbera, and participants at the LandEconomy Seminar at Cambridge for valuable information and helpful suggestions. Theusual disclaimer applies.
†
Corresponding author: Email: yh279@cam.ac.uk; Tel: 0044-1223 764873; Fax: 0044-1223 337130; URL: http://www.landecon.cam.ac.uk/yh279/huangyf.htm.
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