Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


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Wara reviews performance of the Clean Development Mechanism

In the News: UCLA Law Review on August 1, 2008

Michael 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.