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The clean development mechanism (CDM) could play an important role in the power generation sector of developing countries and emerging economies by providing additional revenue to support the diffusion of renewable energy sources (RES). This paper investigates the contribution of the CDM to deployment of renewable electricity projects in China and India, and highlights the main potentialities and limitations of this mechanism for their support. The outcome of our analysis shows many differences and similarities in the way and scale of CDM projects for renewable electricity generation have been implemented in the two countries. In both cases, the CDM has made a contribution to greening investments in the power generation sector, which is still largely dominated by subcritical coal-fuelled power plants. Nonetheless, some major problems still remain and they are mainly related to the distribution of projects across different technologies and to the environmental integrity of the mechanism. In view of the likely revision of the CDM in the post-Kyoto period, we find that the differentiation of the credit generation rate of different project categories could bring some level of improvement without significantly altering the current system functionality. [ABSTRACT FROM AUTHOR]

Quarrying of basalt stone in the Early Cretaceous Rajmahal Trap region of eastern India is increasing at an alarming pace. The quarries have created an extensive ugly landscape of pits and overburden dumps. The stone workshops continuously emit dust. These quarries generate year-round employment in an impoverished terrain. The workforce mostly comprises the socio-economically deprived indigenous tribal population. They are an important source of income to the State Governments of Jharkhand and West Bengal. While the need for building stone cannot be denied in a region that is rapidly industrialising and urbanising, issues of land degradation and health cannot be ignored. The paper offers measures to contain environmental degradation and generate alternative sources of income with bio-fuel crops such as Jatropha curcas. [ABSTRACT FROM AUTHOR]

The present study uses both carbon dioxide emission and ecological footprints as proxies for environmental degradation to examine the environmental Kuznets curve hypothesis for the top three emitters from Asia, i.e., China, India, and Japan. To this end, the autoregressive distributed lag model for time series and panel estimation is used for a period spanning over 1980–2016. For carbon dioxide emission, China presents an inverted-U shape of the environmental Kuznets curve, while a U-shape relationship is found for India and Japan. Similarly, when the hypothesis is tested with the ecological footprint, Japan offers an inverted U-shape and U-shaped association is detected for China and India. The panel analysis indicates the existence of the environmental Kuznets curve with both proxies of environmental degradation. Besides, human capital and renewable energy promote environmental sustainability, while non-renewable energy use hinders environmental quality. The findings of this study suggest that in order to meet the combined goals of economic growth and environmental protection, the three economies, i.e., China, India, and Japan, should employ renewable energy–enabled technology. [ABSTRACT FROM AUTHOR]