How to make the clean development mechanism sustainable--The potential of rent extraction

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Moving ahead with REDD: issues, options and implications (2008, background): “China, for example, established a system of tiered taxation of CDM projects to redirect finance from large industrial CDM projects towards initiatives that have more impact on sustainable development (Muller 2007).”
Accumulation by Decarbonization and the Governance of Carbon Offsets (2008, background): “It has been claimed, however, that the CDM may fail to lead to additional emission reductions (Muller 2007).”
On the contribution of labelled Certified Emission Reductions to sustainable development: A multi-criteria evaluation of CDM projects (2009, background): “Assuming that, at a later stage, developing countries will also have to comply with some form of defined emission caps, those countries would only have more costly options available in order to do so (Rose et al., 1999; Muller, 2007).”
Making REDD work for the poor : a poverty environment partnership (PEP) report (2008, background): “This could be similar to China’s incremental tax on CDM projects to stock a fund for reinvestment in sustainable development activities (Cosbey et al. 2006; Muller, 2007).”