“…There is an extensive literature discussing the barriers to project implementation (Arens and Burian, 2012;Arens, Wang-Helmreich, et al, 2011;Byigero, Clancy and Skutsch, 2010;Castro and Michaelowa, 2011;Costantini and Sforna, 2014;Dinar, Rahman, Larson and Ambrosi, 2008;Jung, 2006;Niederberger and Saner, 2005;Okubo and Michaelowa, 2010;Röttgers and Grote, 2014;Spalding-Fecher et al, 2012;Winkelman and Moore, 2011). The general business environment has been identified as one important factor, but there are also CDM specific barriers for the realization of CDM projects: the absolute level of GHG emissions, GHG intensity, institutional capacity, and human capital.…”