- Volume 3 (2009), Issue 1
- Vol. 3 (2009), No. 1
- >
- Page 6
- p. 6
Addressing Market Failures in the CDM: A Funding-based Approach
et to function perfectly, products need to be homogeneous and information needs to be certain and widely diffused (in addition to several other factors). However, the current market facing potential investors in the Clean Development Mechanism (CDM) fails on both of these critical issues. First, using energy generation as an example, despite evidence that would suggest that coal plants can be effectively compared to wind farms, both investors and banks typically lack the specific knowledge necessary to properly evaluate renewable energy, w