This paper analyses the participation of firms without GHG emission
liabilities as technology providers in CDM and JI projects, the
flexibility mechanisms of the Kyoto Protocol. It argues that the
motivations for those firms to engaging in CDM and JI projects is based
on market stimuli beyond those related to the emission market itself.
Instead, their motivations are largely associated with search for new
markets where their technological resources and expertise can be
exploited. The analysis is based on three firms from the Dutch waste
management industry. These cases suggest that the Kyoto's mechanisms
compensate to some extent the weakness of the underdeveloped waste
management sector in developing and transition economies.
Key words:Waste Management Industry, Kyoto Protocol, International Expansion, Firm-specific advantages
JEL codes: L19; L22; L59; L98; Q28
UNU-MERIT Working Papers ISSN 1871-9872