TY - JOUR
T1 - Clean Development Mechanism and Least Developed Countries: Changing the Rules for Greater Participation
AU - De Lopez, Thanakvaro Thyl
AU - Tin, Ponlok
AU - Iyadomi, Keisuke
AU - Santos, Sergio
AU - McIntosh, Bridget
PY - 2009
Y1 - 2009
N2 - The clean development mechanism (CDM) of the Kyoto Protocol is designed not only to mitigate greenhouse gas emissions (GHG) but also to contribute locally to sustainable development. As a market-based mechanism, CDM has the potential to channel private investments into development activities with economic, social, and environmental benefits. Unfortunately, investments have tended to flow where CDM activities provide higher returns with limited economic and political risks, that is, outside of least developed countries (LDCs). To date, only a handful of LDCs have been able to participate in the CDM. This article discusses opportunities for modifying the CDM rules to provide more opportunities for LDCs. Regulatory reforms, technical assistance programs, and direct registration and certification of CDM activities in LDCs by the UNFCCC Secretariat may help foster CDM activities in LDCs . As negotiations regarding the post-2012 climate regime are afoot, an overhaul of the CDM toward a mechanism more friendly to LDCs is necessary.
AB - The clean development mechanism (CDM) of the Kyoto Protocol is designed not only to mitigate greenhouse gas emissions (GHG) but also to contribute locally to sustainable development. As a market-based mechanism, CDM has the potential to channel private investments into development activities with economic, social, and environmental benefits. Unfortunately, investments have tended to flow where CDM activities provide higher returns with limited economic and political risks, that is, outside of least developed countries (LDCs). To date, only a handful of LDCs have been able to participate in the CDM. This article discusses opportunities for modifying the CDM rules to provide more opportunities for LDCs. Regulatory reforms, technical assistance programs, and direct registration and certification of CDM activities in LDCs by the UNFCCC Secretariat may help foster CDM activities in LDCs . As negotiations regarding the post-2012 climate regime are afoot, an overhaul of the CDM toward a mechanism more friendly to LDCs is necessary.
KW - Climate and energy systems
KW - Sustainable development and climate
KW - Bæredygtig udvikling og klima
KW - Klima og energisystemer
U2 - 10.1177/1070496509347744
DO - 10.1177/1070496509347744
M3 - Journal article
SN - 1070-4965
VL - 18
SP - 436
EP - 452
JO - Journal of Environment & Development
JF - Journal of Environment & Development
IS - 4
ER -