PESD News
Wara reviews performance of the Clean Development Mechanism
In the News: UCLA Law Review on August 1, 2008Michael Wara reviews the UN's Clean Development Mechanism's (CDM) performance, using empirical analysis to illustrate its successes and failures in using a carbon credit market to reduce greenhouse gases. He concludes by suggesting possible reforms to the CDM in anticipation of the Kyoto Protocol's expiration in 2012.



