Business responsibility regarding climate change in Latin America: An empirical analysis from Clean Development Mechanism (CDM) project developers

Lázaro, Lira Luz Benites; Gremaud, Amaury Patrick; Benites, L.A.

doi:10.1016/j.exis.2018.02.011

Cited by 24 publications

(14 citation statements)

References 42 publications

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“…For example, the experience of the Clean Development Mechanism (CDM) shows that even though the CDM was meant to incentivise the private sector into investing in renewable energy technologies in the Global South, some CDM projects have been criticised for perpetuating inequality by among other things having a strong focus on investments in particular countries and regions thereby adversely affecting the livelihoods of local communities. In this regard, Benites-Lazaro et al (2018) highlighted that some hydropower projects developed with the intention of promoting sustainable development and renewable energy development through the CDM had adverse impacts on the socio-economic wellbeing of local communities. In this instance, it is not unheard of for CDM hydropower projects in South America to be associated with the destruction of indigenous and traditional communities, forced relocation of local populations, dynamiting of indigenous sacred sites and harming biodiversity and fisheries.…”

Section: Discussionmentioning

confidence: 99%

The Emerging Threats and Opportunities for Implementing Nationally Determined Contributions (NDCs) and Sustainable Development Goal 7: Policy Insights from sub-Saharan Africa and Malawi

Chirambo¹

2020

CEREM

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Aim: Despite the implementation of the Sustainable Development Goals (SDGs) and Nationally Determined Contributions (NDCs) to reduce climate change vulnerability and inequality particularly in the Global South, it is probable that the SDGs and NDCs might not achieve their objectives. The aim of this article is to identify how countries in Sub-Saharan Africa (SSA) can address their climate change governance and cross-sector coordination challenges in order to reduce climate change vulnerability and augment SDG 7 (universal energy access) implementation. Design / Research methods: A qualitative content analysis was undertaken using research articles, project reports, a case study and policy briefs exploring the nexus of climate change governance, SDG 7 implementation and SDG 13 implementation in the context of SSA and Malawi. Conclusions / findings: The study suggests that climate change governance and attaining SDG 7 in the Global South might be improved by harmonising NDC activities so that NDC activities can be aggregated and monitored from a regional perspective similar to the case of the Clean Development Mechanism (CDM) Programmes of Activities (PoAs). Originality / value of the article: The paper is of value to global policy makers as it shows that increasing climate change ambitions and ratcheting-up in the context of SSA should include increasing the deployment of renewable energy technologies as well as initiating new international institutional arrangements for climate change governance through South-South Climate Change Cooperation modalities. Keywords: Clean Development Mechanism (CDM), climate finance, renewable energy, South-South Climate Change Cooperation, Sustainable Development, Malawi. JEL: G38, O13, O55, Q01, Q28, Q54, Q56.

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Section: Discussionmentioning

confidence: 99%

The Emerging Threats and Opportunities for Implementing Nationally Determined Contributions (NDCs) and Sustainable Development Goal 7: Policy Insights from sub-Saharan Africa and Malawi

Chirambo¹

2020

CEREM

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“…There is generally more private investment in mitigation than adaptation because mitigation-related investment offers measurable climate benefits (e.g. greenhouse gas reduction) and greater financial return to investors compared to adaptation (Mostafa, Rahman, and Huq 2010;Benitez-Lazaro, Gremaud, and Benites 2018). Adaptation benefits are largely public than private (Abadie, Galarrage, and Rubberlike 2012), and are more localized (Mees, Driessen, and Runhaar 2012).…”

Section: Introductionmentioning

confidence: 99%

Mobilizing private sector investment for climate action: enhancing ambition and scaling up implementation

Adhikari

Chalkasra

2021

Journal of Sustainable Finance & Investment

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Private-sector finance has been widely seen as a step to scale up access to resources for ambitious climate action, given the limited availability of public resources. However, there is a knowledge gap about the risks, barriers, and opportunities associated with greater private investment. This paper analyses some important barriers that commonly inhibit private sector investment in climate adaptation action. The analysis draws on case studies of small and medium-sized business (SMEs), multinational companies (MNCs), B corporations and impact investors. Our analysis confirms that private sector actors are willing to invest in climate adaptation, but their investment decisions are constrained by risk profiles associated with climate adaptation projects, the lack of financially viable and bankable projects, and complete knowledge of climate risk that guide adaptation decision. A tailored approach is required to leverage private sector finance, and conducive public policy interventions will facilitate to mobilize different types of private sector actors.

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“…The CDM is aiming at realizing the goal of emission reduction and sustainable development, therefore mitigating climate change (Bayer et al , 2013; Mori-Clement, 2019). Conclusions from some studies have indicated that CDM can directly make positive contributions to local environmental amenities, for instance, reducing greenhouse gas, purifying water and improving land quality, and this also have some regional overflow effects of in which the CDM projects amassed at the community level (Benites-Lazaro et al , 2018; Du and Takeuchi, 2019; Subbarao and Lloyd, 2011). Wood (2011) confirms that the CDM projects that involve technology transfer can indirectly reduce rural households carbon emission, mainly by supplying farmers with more energy efficient or renewable energy-oriented cookstoves, hence prominently promoting their air quality inside houses and reducing household consumption on fuel.…”

Section: Introductionmentioning

confidence: 99%

The economic effects of clean development mechanism afforestation and reforestation project: evidence from China

Zheng

Zeng

et al. 2021

IJCCSM

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Purpose Forestry carbon sink (FCS) is not only an important measure to deal with the current global climate change but also an effective way to build an ecological civilization. As an important form of implementation of FCS, the afforestation and reforestation projects under the clean development mechanism (CDM A/R) have important functions such as ecological protection and economic growth. This paper aims to evaluate the short-term and long-term impact of CDM on the county economy and its impact mechanism. Design/methodology/approach This paper first uses propensity score matching to match the county (treatment group). Second, this paper uses difference in difference to estimate the net effect of CDM A/R project on county economic development to reduce estimation error. Finally, the impact mechanism of implementing CDM A/R project on county economic development was tested. Findings The CDM A/R project has significantly promoted the development of real gross domestic product (GDP) and per capita real GDP in the region. Because of the long project cycle, this promotion is not immediate in the short term and has an obvious hysteresis effect. The longer the implementation time, the greater the promotion of the local economy will develop. The results are robust after the robustness test that uses the single-difference method. The CDM A/R project has promoted local economic growth by optimizing the local industrial structure, increasing the regional capital stock and raising the regional government’s fiscal revenue and expenditure. Originality/value This paper provides a critical overview of the relationship between clean development mechanism and local economic development.

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Business responsibility regarding climate change in Latin America: An empirical analysis from Clean Development Mechanism (CDM) project developers

Cited by 24 publications

References 42 publications

The Emerging Threats and Opportunities for Implementing Nationally Determined Contributions (NDCs) and Sustainable Development Goal 7: Policy Insights from sub-Saharan Africa and Malawi

The Emerging Threats and Opportunities for Implementing Nationally Determined Contributions (NDCs) and Sustainable Development Goal 7: Policy Insights from sub-Saharan Africa and Malawi

Mobilizing private sector investment for climate action: enhancing ambition and scaling up implementation

The economic effects of clean development mechanism afforestation and reforestation project: evidence from China

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