By Paula Castro
'Against all odds, the CDM has proven that industry mechanisms for greenhouse gasoline relief in constructing international locations can paintings. however, as Paula Castro explains convincingly, the CDM isn't any 'magic bullet'. complicated constructing nations have to be 'weaned off' the CDM to be able to absorb commitments, whereas the financial incentive from emission credits revenues is inadequate to place least constructed international locations on a low-emission pathway. notwithstanding, event from the CDM is still serious in designing new marketplace mechanisms.'
- Axel Michaelowa, collage of Zurich, Switzerland
In this groundbreaking booklet, Paula Castro offers the 1st systematic categorization of optimistic and damaging incentives generated by means of the fresh improvement Mechanism (CDM) for weather switch mitigation within the worldwide South.
To lessen the price of assembly their greenhouse gasoline emission relief commitments lower than the Kyoto Protocol, industrialized international locations may possibly depend on the CDM, a industry device that permits them to count number emission discount rates from initiatives in constructing international locations as their very own. provided in 4 middle empirical chapters, the publication seriously reports even if and the way the CDM creates incentives or disincentives for constructing nation motion in the direction of decreasing greenhouse gasoline emissions, and attracts classes for the long run overseas weather switch regime.
Recommendations and dialogue at the reform of the CDM invoke debate at the way forward for this coverage in constructing international locations, that's important fabric for either policymakers and foreign associations introducing comparable tools. scholars and researchers engaged on subject matters on the topic of environmental politics, weather coverage, environmental economics and environmental technology also will locate this source useful.
Contents: 1. advent to the fresh improvement Mechanism 2. Conceptual Framework three. Will Preferential entry Measures conquer limitations to CDM initiatives in Least constructed international locations? four. Discounting Emission credit and Competitiveness of other CDM Host nations five. Does the CDM Discourage Emission relief goals in complicated constructing international locations? An research of the Low-hanging Fruit factor 6. Do household Renewable power promoting regulations result in extra CDM tasks? 7. Concluding feedback References