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

Bhaskar Shandilya (Department of Strategy Management, Indian Institute of Management Indore, Indore, India)
Pushpesh Pant (Department of Supply Chain Management, Narsee Monjee Institute of Management Studies University–Hyderabad Campus, Secunderabad, India)
V.B. Gupta (DAVV, Indore, India)
Sandeep Singh (Indian Institute of Technology Kharagpur, Kharagpur, India)
Prashant Salwan (Department of Strategy Management, Indian Institute of Management Indore, Indore, India)

Management of Environmental Quality

ISSN: 1477-7835

Article publication date: 19 May 2022

Issue publication date: 26 September 2022

167

Abstract

Purpose

The 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/approach

This 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.

Findings

The 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/value

The 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.

Keywords

Citation

Shandilya, B., Pant, P., Gupta, V.B., Singh, S. and Salwan, P. (2022), "Assessing the relative significance of benefits of clean development mechanism: an evidence from India", Management of Environmental Quality, Vol. 33 No. 6, pp. 1572-1590. https://doi.org/10.1108/MEQ-09-2021-0231

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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