2020 年 36 巻 1 号 p. 65-74
The political cooperative framework has been weakened towards climate change, although it is borderless problem. Under such circumstances, this paper focused on the possibility of private companies that might be a driving force for emission reduction if any incentive mechanism is set. This paper analyzed the Clean Development Mechanism (CDM) at the second commitment period under the Kyoto Protocol by interviews of private companies and document researches. As a result, it showed some academic arguments are not in line with real business, and still specific companies continue CDM credit issuance even its cost is high and the future of CDM is an uncertain and unpredictable system.