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The CDM: A Cooperation Mechanism?

In: Lecture Notes in Global-Local Policy Interactions

Author

Listed:
  • Ariel Dinar
  • Jessica Bradford
  • Edgar Castelan
  • Jorge Gavino
  • Jacquelyn González
  • Adam Jantz
  • Yang Li
  • Fortino Morales III
  • Michael Parmer

Abstract

Following the 1992 Earth Summit in Rio de Janeiro, Brazil, countries took up the complicated task of finding a common approach that would slow down the accumulation of greenhouse gas (GHG) emissions in the atmosphere and delay changes to the planet’s climate. A widespread concern among many of the participants in the newly formed United Nations Framework Convention on Climate Change (UNFCCC) was that the emission reductions needed to significantly affect climate change would cost so much that it could jeopardize the chances of a coordinated international solution. To address this concern, several flexible mechanisms were designed, including the Clean Development Mechanism (CDM). While many had high hopes from the CDM, others were concerned with its performance and achievements, and whether or not it will be continued beyond 2012. Critics argue that it has not delivered on the sustainable development objective for which it was established, and that projects are unevenly distributed, both geographically and sectorally.

Suggested Citation

  • Ariel Dinar & Jessica Bradford & Edgar Castelan & Jorge Gavino & Jacquelyn González & Adam Jantz & Yang Li & Fortino Morales III & Michael Parmer, 2022. "The CDM: A Cooperation Mechanism?," World Scientific Book Chapters, in: Lecture Notes in Global-Local Policy Interactions, chapter 8, pages 133-155, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811248177_0008
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    More about this item

    Keywords

    Globalization; Global Policies; Local Policies; Conflict; Negotiation; Cooperation; Climate Change; Water; Terrorism; Ozone Layer; Anti-personnel Mines; Desertification; Tobacco Control;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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