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How to Improve the Likelihood of CDM Approval? Institutional shortcomings and the Case of West Africa

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How to Improve the Likelihood of CDM Approval? Institutional shortcomings and the Case of West Africa. / Brandt, Urs Steiner; Svendsen, Gert Tinggaard.

I: Environmental Management and Sustainable Development, Bind 3, Nr. 1, 05.2014, s. 45-60.

Publikation: Bidrag til tidsskrift/Konferencebidrag i tidsskrift /Bidrag til avisTidsskriftartikelForskningpeer review

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Brandt, Urs Steiner ; Svendsen, Gert Tinggaard. / How to Improve the Likelihood of CDM Approval? Institutional shortcomings and the Case of West Africa. I: Environmental Management and Sustainable Development. 2014 ; Bind 3, Nr. 1. s. 45-60.

Bibtex

@article{f7438c664d6d486183a9103f9cb11c7b,
title = "How to Improve the Likelihood of CDM Approval?: Institutional shortcomings and the Case of West Africa",
abstract = "How can the likelihood of Clean Development Mechanism (CDM) approval be improved in the face of institutional shortcomings? To answer this question, we focus on the three institutional shortcomings of income sharing, risk sharing and corruption prevention concerning afforestation/reforestation (A/R). Furthermore, three main stakeholders are identified, namely investors, governments and agents in a principal-agent model regarding monitoring and enforcement capacity. Developing countries such as West Africa have, despite huge potentials, not been integrated in A/R CDM projects yet. Remote sensing, however, appears to be an effective tool to overcome the three institutional shortcomings. Thus, a pilot project should be considered in near future to develop a best practice system.",
keywords = "Clean Development Mechanism, institutions, remote sensing, corruption, income sharing, risk sharing, afforestation, reforestation, West Africa, principal-agent, pilot project",
author = "Brandt, {Urs Steiner} and Svendsen, {Gert Tinggaard}",
year = "2014",
month = may,
doi = "10.5296/emsd.v3i1.4492",
language = "English",
volume = "3",
pages = "45--60",
journal = "Environmental Management and Sustainable Development",
issn = "2164-7682",
publisher = "Macrothink Institute, Inc.",
number = "1",

}

RIS

TY - JOUR

T1 - How to Improve the Likelihood of CDM Approval?

T2 - Institutional shortcomings and the Case of West Africa

AU - Brandt, Urs Steiner

AU - Svendsen, Gert Tinggaard

PY - 2014/5

Y1 - 2014/5

N2 - How can the likelihood of Clean Development Mechanism (CDM) approval be improved in the face of institutional shortcomings? To answer this question, we focus on the three institutional shortcomings of income sharing, risk sharing and corruption prevention concerning afforestation/reforestation (A/R). Furthermore, three main stakeholders are identified, namely investors, governments and agents in a principal-agent model regarding monitoring and enforcement capacity. Developing countries such as West Africa have, despite huge potentials, not been integrated in A/R CDM projects yet. Remote sensing, however, appears to be an effective tool to overcome the three institutional shortcomings. Thus, a pilot project should be considered in near future to develop a best practice system.

AB - How can the likelihood of Clean Development Mechanism (CDM) approval be improved in the face of institutional shortcomings? To answer this question, we focus on the three institutional shortcomings of income sharing, risk sharing and corruption prevention concerning afforestation/reforestation (A/R). Furthermore, three main stakeholders are identified, namely investors, governments and agents in a principal-agent model regarding monitoring and enforcement capacity. Developing countries such as West Africa have, despite huge potentials, not been integrated in A/R CDM projects yet. Remote sensing, however, appears to be an effective tool to overcome the three institutional shortcomings. Thus, a pilot project should be considered in near future to develop a best practice system.

KW - Clean Development Mechanism

KW - institutions

KW - remote sensing

KW - corruption

KW - income sharing

KW - risk sharing

KW - afforestation

KW - reforestation

KW - West Africa

KW - principal-agent

KW - pilot project

U2 - 10.5296/emsd.v3i1.4492

DO - 10.5296/emsd.v3i1.4492

M3 - Journal article

VL - 3

SP - 45

EP - 60

JO - Environmental Management and Sustainable Development

JF - Environmental Management and Sustainable Development

SN - 2164-7682

IS - 1

ER -