ABSTRACT
This chapter explores these various ideas in detail. It begins with a discussion about the Emerging Market Economies (EMEs). The chapter investigates three of the most common theories or drivers of environmental action, including, levels of development, national environmental values and types of political systems. The list of EMEs prepared by Standard and Poor includes nineteen countries, whereas the Emerging Markets Index established by Master-Card includes sixty-six countries. An important starting point for understanding the emerging economies is their unique pathway to industrialization. One broadly considered driver of environmental action is the level of development which is a hypothesis illustrated by the Kuznets Curve. Through a comparison of three commonly used drivers of environmental outcomes, the chapter suggests that success and failure of Clean Development Mechanism (CDM) uptake in EMEs is not well explained by a country's level of development, environmental values or political type.
