Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Who Benefits from Market-Based Carbon Mitigation?

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this article

+ Tax (if applicable)
Add to Favorites
You must be logged in to use this functionality

image of Perspectives on Global Development and Technology
For more content, please see Journal of Developing Societies.

As world leaders increasingly recognize the dual imperatives of mitigating carbon emissions and ensuring economic growth, emissions trading schemes have become popular policy options to pursue sustainable development goals. As the foremost program of sustainable development to date, the Clean Development Mechanism (CDM) has held out hope that low-cost abatement in the global North could be achieved by channeling investments to the global South, creating a win-win situation of both mitigation and economic development. Unfortunately, the results of the CDM have shown an asymmetrical distribution of benefits in the global South despite contrary objectives. This paper argues that the investment climate promoted by the CDM excludes many developing nation markets from participation, thereby limiting one of the key benefits promised by CDM proponents. This is partly because the CDM encourages investors to seek projects that are doubly pro table, ones that demonstrate the potential to generate a profit independent of emissions credits, placing many nations at a structural disadvantage, as they are deemed too risky for sustainable development investment.

Affiliations: 1: Department of Sociology, University of Illinois at Urbana-Champaign;, Email:; 2: Department of Sociology and the Center for African Studies, University of Illinois at Urbana-Champaign;, Email:


Full text loading...


Data & Media loading...

Article metrics loading...



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Perspectives on Global Development and Technology — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation