Social and economic aspects of CDM options in Brazil

摘要: This study is devoted to analysing the social and economic aspects of Brazilian options for projects under Clean Development Mechanism (CDM) created Kyoto Protocol. If, on one hand, CDM may, theoretically, be an efficient instrument minimise global control costs GHG emissions, other it will not, necessarily, maximise welfare countries where these carbon saving investments are applied. Based estimates from Seroa da Motta, Ferraz Young, financial profitability rates major investment discussed in line with their expected environmental development benefits.