Assessing the relative significance of benefits of clean development mechanism: an evidence from India

Abstract

PurposeThe purpose of this paper is to identify critical Clean Development Mechanism (CDM) benefits and assess their relative significance in the context of developing economies (e.g. India).Design/methodology/approachThis study has conducted face-to-face (offline/online) discussions with experts in order to identify appropriate criteria and related CDM benefits. Further, this study has used subsequently, using the analytic hierarchy process, a multi-criteria decision-making method and assess the relative significance of benefits of CDM projects.FindingsThe results reveal that knowledge and capacity building, technology transfer and social benefits are the most significant CDM benefits, respectively. It is because the knowledge and capacity building tends to disseminate the awareness on CDM benefits among policymakers and stakeholders, thereby, lead to efficient policy-making and encourage effective technology transfer in a way to achieve sustainable economic growth in the host country.Originality/valueThe literature is dominated by studies of CDM projects in Brazil, Mexico, Chile, Africa and China. Within the thousands of CDM projects globally, India only has 1,376 registered CDM projects. To the authors' knowledge, this is one of the first studies that highlight the relative significance of CDM benefits in the context of India. This study will enhance the implementation in the Indian scenario.