So the only side event I went to today was called ” Experience gained from the CDM” and in this talk I had my “market based solution” bone tickled for the first time at the conference. The biggest surprise from the talk was that the subject of the clean development mechanism, and the emissions credit market that existed in tandem with it, acted as a way of hedging currency related risks faced by green industry in developing countries. This is because many of these industries hold foreign loans, but their income is in domestic currency, so if there is a high risk premium associated with their domestic currency, paying a foreign loan may be much more difficult. The CDM, which facilitates the transfer of capital from developed to developing countries, gives these industries foreign currency, which they can use to insure they are able to pay off debts which are held in foreign currency. Hearing this discussed I found really really exciting, because I had never even thought this was a potential advantage of capital transfers between developed and developing countries.<\/p>\n","protected":false},"excerpt":{"rendered":"
So the only side event I went to today was called ” Experience gained from the CDM” and in this talk I had my “market based solution” bone tickled for the first time at the conference. The biggest surprise from the talk was that the subject of the clean development mechanism, and the emissions credit … Continue reading CDM as a Currency Hedge?<\/span><\/a><\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/posts\/556"}],"collection":[{"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/comments?post=556"}],"version-history":[{"count":1,"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/posts\/556\/revisions"}],"predecessor-version":[{"id":557,"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/posts\/556\/revisions\/557"}],"wp:attachment":[{"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/media?parent=556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/categories?post=556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.swarthmore.edu\/cop\/wp-json\/wp\/v2\/tags?post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}