Next Article in Journal
Multifractal Analysis of High-Frequency Temperature Time Series in the Urban Environment
Previous Article in Journal
Seasonal Drought Forecasting for Latin America Using the ECMWF S4 Forecast System
Article Menu
Issue 2 (June) cover image

Export Article

Open AccessArticle
Climate 2018, 6(2), 49; https://doi.org/10.3390/cli6020049

An Empirical Comparison of Carbon Credit Projects under the Clean Development Mechanism and Verified Carbon Standard

1
Universität Duisburg-Essen, Universitätsstrasse 12, 45141 Essen, Germany
2
Department of Commerce, Post Graduate Centre, Hemaganotri Campus, University of Mysore, Hassan 573220, India
*
Author to whom correspondence should be addressed.
Received: 2 May 2018 / Revised: 24 May 2018 / Accepted: 29 May 2018 / Published: 4 June 2018
Full-Text   |   PDF [261 KB, uploaded 6 June 2018]   |  

Abstract

Carbon credit projects generate carbon credits by abating greenhouse gas emissions. Carbon credits can then be traded on carbon markets or immobilized in order to compensate for caused emissions. The Clean Development Mechanism (CDM) and Verified Carbon Standard (VCS), as the two most important carbon credit mechanisms, are investigated and compared regarding the success of projects. We define success as the fulfilling of the ex-ante emission abatement estimation and apply regression analyses to explain its variation on a project level by technology, location, scale, duration and participation. The results are discussed in detail on technology level for wind power, energy efficiency, hydro power as well as biomass projects and are compared with regard to CDM and VCS. Our main results indicate that large scale projects often compensate for their under-performance due to economies of time. Furthermore, the duration of projects, their location and structure of participants have significant influence on the success of the projects. The sign of the coefficients of explanatory variables are broadly in line with intuition and related literature, although, due to data availability, they are not always highly significant statistically. View Full-Text
Keywords: Clean Development Mechanism; Certified Emission Reduction; Verified Carbon Standard; Verified Carbon Unit Clean Development Mechanism; Certified Emission Reduction; Verified Carbon Standard; Verified Carbon Unit
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

von Avenarius, A.; Devaraja, T.S.; Kiesel, R. An Empirical Comparison of Carbon Credit Projects under the Clean Development Mechanism and Verified Carbon Standard. Climate 2018, 6, 49.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Climate EISSN 2225-1154 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top