Performance of clean development mechanism projects for sustainable development in Brazil

Vol. 41 No. 2 (2021)

Apr-Jun / 2021
Published March 30, 2021
PDF-Portuguese (Pt-BR)
PDF-Portuguese (Pt-BR)

How to Cite

Fernandes, Elaine Aparecida, and Gustavo Barros Leite. 2021. “Performance of Clean Development Mechanism Projects for Sustainable Development in Brazil”. Brazilian Journal of Political Economy 41 (2), 351-71. https://doi.org/10.1590/0101-31572021-3168.

Performance of clean development mechanism projects for sustainable development in Brazil

Elaine Aparecida Fernandes
Universidade Federal de Viçosa, Viçosa/MG, Brasil.
Gustavo Barros Leite
Universidade Federal de Viçosa, Viçosa/MG, Brasil.
Brazilian Journal of Political Economy, Vol. 41 No. 2 (2021), Apr-Jun / 2021, Pages 351-371

Abstract

This paper analyzed, for the Brazilian case, the Clean Development Mechanism (CDM). The concept of negative externality and market failure was used to understand the need for environmental policies capable of favoring the sustainable development of countries. The results show the importance of scale for the registration of projects. The energy sector, for example, has more small-scale projects that were created to simplify procedures and lower costs. It was concluded, in general, that the CDM has become an international change. However, despite its importance being recognized globally, it was observed that the mechanism has weakened over time and there are uncertainties regarding the validity of the Kyoto Protocol.

JEL Classification: Q01.
historical landmark, as it is an innovative tool in contributing to the mitigation of climate


Keywords: Clean Development Mechanism, Kyoto protocol, sustainable development, Brazil