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Developing countries are expected to contribute to climate change mitigation efforts by reducing deforestation, with financial compensations for associated economic losses. These losses are due to foregone revenues and limited economic development, all of these labeled “opportunity costs”. Their ...
The Clean Development Mechanism (CDM) was created under the Kyoto Protocol, in order to help industrialized countries achieve their Greenhouse Gas (GHG) emission reduction targets at a lower cost. A second objective of the CDM is to help developing countries achieve sustainable development. To be...
The rapid expansion of the Pulp & Paper industry in Indonesia has generated large overcapacities because fiber supplies were based mainly on the conversion of tropical forests. Using financial theory about financial expropriation and debt entrenchment in East Asia, it shows that the ultimate owne...
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