What are Clean Development Mechanism (CDM) Projects? The Clean Development Mechanism (CDM) is an element of the Kyoto Protocol that generates Certified Emission Reductions (CERs) from eligible climate change projects in developing countries. CERs are valuable assets and can be used in compliance markets such as the EU ETS, or in national greenhouse gas schemes of Annex-I countries such ...
Delivery risk is central to pricing carbon offsets, but has been the focus of limited attention in the carbon markets. At the same time, remote regions and promising technologies – desperate for investment – have been underserved by the carbon markets. This paper proposes that the current policy objectives and functions of the Clean Development Mechanism (CDM) be expanded to include arrangements ...
The Kyoto Protocol’s Clean Development Mechanism (CDM) has proven to be a very successful instrument, which is remarkable considering the fact that the climate change regime had no such global market mechanism or market experience just over seven years ago. Now it has become established and has engaged stakeholders, and there has been increased scrutiny of its governance structures and ...
The flexible mechanism of the Kyoto Protocol, the clean development mechanism (CDM), should fulfil a twin objective: cost-effective greenhouse gas mitigation and enhancement of sustainable development in developing countries. As most host CDM countries have not established the proper institutional capacity to approve CDM projects and, at the same time, are prerogative to define sustainable ...
In this article, we assess the future prospects of the Clean Development Mechanism (CDM) from the perspective of a developing country, drawing on Vietnam as a case study. First, we review the performance of the CDM and describe the evolution of carbon markets on the path towards a post-2012 climate regime. Next, we place Vietnam in a post-2012 context, and assess potential project resources, ...
This study is devoted to analysing the social and economic aspects of the Brazilian options for projects under the Clean Development Mechanism (CDM) created under the Kyoto Protocol. If, on one hand, the CDM may, theoretically, be an efficient instrument to minimise global control costs of GHG emissions, on the other it will not, necessarily, maximise the welfare of the countries where these ...
This paper analyzes the economic and environmental consequences of a potential demand side management program in Thailand using a general equilibrium model. The program considers replacement of less efficient electrical appliances in the household sector with more efficient counterparts. The study further examines changes in the economic and environmental effects of the program if it is ...
Given the lack of Clean Development Mechanism (CDM) activities in least developed countries (LDCs), subsidies for CDM projects have been suggested as a remedy. To date, subsidies spent in the CDM context have been limited to capacity building. Donor agencies have provided close to EUR45 million for awareness raising, institutional capacity building and project development in Africa and LDCs over ...
Type HOFGAS®-Ready/C 2000 Performance 2,000 Nm³/h, 10,000 kW Location Zambiza (EC) Situation The landfill is located near Quito, the capital of Ecuador. Since 1979 five million tonnes of domestic refuse has been deposited. After successful degassing trials, it was established that the refuse site has ideal conditions for emission trading. As part of the Kyoto Protocol, Green Gas ...
With thousands of projects in the pipeline and about 1.5 billion carbon credits to be generated by 2012, the Clean Development Mechanism (CDM) has become a socio-economic order of scale that involves international institutions, governments and private entities worldwide. The concept of mobilizing investment in low carbon technology in developing countries in exchange for cost-efficient Certified ...
The safe and secure deployment of Carbon Capture and Storage in developing countries could be a way to reconcile their economic development with the objective of climate change mitigation. The Clean Development Mechanism could provide the required additional financial incentive to enable the implementation of CCS projects. However, the inclusion of this technology in the CDM faces important ...
Reform of the Clean Development Mechanism (CDM) is a key issue in advancing the objectives of the Kyoto Protocol. The CDM was created with the mutual objectives of providing cost-effective abatement opportunities for industrialized countries and to advance sustainable development in developing countries. Current literature, however, suggests that the CDM is failing to deliver on its promise of a ...
This paper shows how Clean Development Mechanism (CDM) projects in renewable electricity (RE-CDM projects) may contribute to the sustainability of South and East Mediterranean Countries (SEMCs). It also shows that several factors make the implementation of these projects difficult, including the relatively weaker CDM institutional capacity of SEMCs. Therefore, countries in this region should ...
Headlining August 2010: 1- Petro Chemical In Brief: - To Lift Egypt's Stats As A Global Producer 2 - The New Suez Industrial Zone: - The Gulf of Suez Gas Liquids Plant Project - Supply of Future Petrochemical Projects - Another, Greenfield anhydrous ammonia plant in the Area? 3- Clean Development Mechanism: - APPROVED CDM PROJECTS & More..... 4- In The Thoughtful Making: - ...
The complexities related to the clean development mechanism (CDM) are considered quite high and only a relatively low percentage of the existing potential has been exploited in the developing world. In addition, the present situation indicates that CDM with its strong focus on greenhouse gases abatement has a tendency to lead to ad hoc investments without including technology transfer and a clear ...
This paper analyses the potential market for project-based international cooperation within the framework of the Kyoto Protocol. With the help of existing cost data, it is shown that the scope for cost savings by using the project-based flexible instruments of the Protocol is considerable, and that a multi-billion dollar carbon credit market can emerge.Keywords: clean development mechanism, ...
The Clean Development Mechanism (CDM), introduced under the Kyoto Protocol, serves a twofold objective: the reduction of Greenhouse Gases and the promotion of sustainable development in emerging countries. This article addresses this critical issue by analysing a project currently seeking CDM status and assessing its impact on these dual aims, while simultaneously evaluating the successful ...
This article sets out the importance of the Kyoto Protocol process to be decided at the Copenhagen COP XV Conference of December 2009. It clarifies the latest aspects of the clean development mechanism. It explains in practical terms, the relative negotiating positions adopted by developing and developed countries and possible impacts on world poverty. It presents two proposals that are win-win ...
This paper investigates the impacts of institutionalising a credit-based transfer program between developing and developed countries. Such a program is expected to become an essence of the Clean Development Mechanism in the Kyoto protocol. The provisions of financial and technological transfers are incorporated simultaneously into a dynamic game model of global stock pollution, where the ...
By authorising investment, technology transfer, project development and emissions trading between developed and developing countries, the Kyoto Protocol's Clean Development Mechanism (CDM) will present new opportunities for international trade. Projects hosted in developing countries will result in "Certified Emissions Reductions" (CERs), which may be used to assist developed countries ...