Explaining the differential distribution of Clean Development Mechanism projects across host countries

► Regression models are used to explain the inter-country distribution of CDM projects. ► Emissions and human capital are significant for hosting projects and CER creation. ► An economy's emissions intensity is significant in determining CERs created. ► Capacity building and electricity sector growth are significant in hosting projects. ► The experience level for host countries in the CDM is significant for CER creation.