IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00817145.html
   My bibliography  Save this paper

Clean Development Mechanism

Author

Listed:
  • Katrin Millock

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The Clean Development Mechanism (CDM) is one of three flexible mechanisms included in the Kyoto Protocol. It enables Annex I countries to finance emission reductions in developing (non-Annex I) countries and use the credits thus obtained to meet their emission reduction commitments under the Kyoto Protocol. The CDM has two objectives: to reduce the costs of compliance of the Annex I countries' emission reduction commitments, and to assist developing countries in achieving sustainable development and in contributing to the ultimate objective of the United Nations Framework Convention for Climate Change (UNFCCC). The major part of emission reductions under the CDM (certified emission reductions - CERs) comes from renewable energy investments, reduction of nonCO2 greenhouse gases (hydrofluorocarbons, perfluorocarbons, and nitrous oxide), and energy-efficiency projects. Over two-third of projects and emission reductions occur in China and India. The uneven geographical distribution of projects and the lack of consistent control of projects' contribution to sustainable development make some contend that the CDM has not fulfilled its initial objectives. On the other hand, it has brought forth a substantial amount of CERs, and it is the only Kyoto Mechanism to bring developing countries into the efforts of the UNFCCC, notably through unilateral projects developed solely by the developing host country.

Suggested Citation

  • Katrin Millock, 2013. "Clean Development Mechanism," Post-Print halshs-00817145, HAL.
    • Handle: RePEc:hal:journl:halshs-00817145
    DOI: 10.1016/B978-0-12-375067-9.00127-3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kim, Jeayoon & Park, Kwangwoo, 2018. "Effect of the Clean Development Mechanism on the deployment of renewable energy: Less developed vs. well-developed financial markets," Energy Economics, Elsevier, vol. 75(C), pages 1-13.
    2. Mandaloufas, Melissa & Lamas, Wendell de Queiroz & Brown, Scott & Irizarry Quintero, Anamari, 2015. "Energy balance analysis of the Brazilian alcohol for flex fuel production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 403-414.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00817145. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.