Evaluating the clean development mechanism

Maraseni, Tek Narayan (2013) Evaluating the clean development mechanism. In: Climate change and global policy regimes: towards institutional legitimacy. International Political Economy. Palgrave Macmillan Ltd., Basingstoke, Hants. United Kingdom, pp. 96-110. ISBN 978-1-137-00611-0

Abstract

The Kyoto Protocol adopted three flexible market-based mechanisms to achieve an emission reduction target in a cost-effective manner. Of them, the Clean Development Mechanism (CDM) is the only mechanism that currently links developed and developing countries. Since the registration of the first CDM project in late 2004, the number and annual emission reduction amounts from CDM projects has been growing exponentially. During this time period several issues have impacted the CDM. The aim of this chapter is to analyse the effectiveness of the CDM's implementation. More broadly and beyond China and India, CDM projects have not been able to capitalise on sustainable development objectives because of the recognition of unintended projects (such as hydrofluorocarbon projects) and the introduction of the provisions of unilateral CDM policy. Despite the disproportionate level of attention, emissions of greenhouse gasses have been growing faster in developing countries than elsewhere. The conclusions drawn are that the CDM's implementation capacity is less, than would at first appear.


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: Macmillan Publishers © 2013. Permanent restricted access to published version due to publisher copyright policy.
Faculty / Department / School: Current - USQ Other
Date Deposited: 11 Jul 2013 06:16
Last Modified: 05 Feb 2018 04:42
Uncontrolled Keywords: CDM; emissions reduction; sustainable development; unilateral CDM project
Fields of Research : 14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
05 Environmental Sciences > 0502 Environmental Science and Management > 050205 Environmental Management
16 Studies in Human Society > 1606 Political Science > 160605 Environmental Politics
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150106 Sustainability Accounting and Reporting
Socio-Economic Objective: D Environment > 96 Environment > 9603 Climate and Climate Change > 960302 Climate Change Mitigation Strategies
Identification Number or DOI: 10.1057/9781137006127
URI: http://eprints.usq.edu.au/id/eprint/23360

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