The Clean Development Mechanism: A Stepping Stone Towards World Carbon Markets?

2013 ◽  
Author(s):  
Julien Chevallier
Keyword(s):  
Clean Development Mechanism ◽  
Carbon Markets ◽  
Stepping Stone ◽  
Development Mechanism

scholarly journals Clean Development Mechanism (CDM) Business in Pakistan: Perceptions and Realities

2012 ◽  
Vol 51 (4II) ◽  
pp. 303-316 ◽  
Author(s):  
Ajaz Ahmed ◽  
Aneel Salman
Keyword(s):  
Climate Change ◽  
Kyoto Protocol ◽  
Clean Development Mechanism ◽  
Carbon Markets ◽  
Carbon Mitigation ◽  
Global Impacts ◽  
Almost All ◽  
Global Carbon ◽  
Human Family ◽  
Development Mechanism

Climate change is the biggest challenge human family has ever faced in world history. It has local as well as global impacts and almost all the ethnic groups, communities, and geographical locations are exposed to it [Stern (2006)]. But comparatively developing countries are more exposed to the changes which are taking places due to climate [Stern (2006) and Barker (2008)]. The degree of their exposure which has a number of determinants varies across different regions [Karen, et al. (2004)]. Climate experts so far have proposed two broader solutions for this problem; mitigation of climate change by reducing the amount of emitted carbon from atmosphere, and adaptation to climate changes [Tompkins and Adger (2005) and Becken (2005)]. Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) is dealing with climate change mitigation. It is the milestone towards global carbon mitigation efforts [Miriam, et al. (2007)]. This protocol has resulted in the establishment of carbon markets by adopting the Clean Development Mechanism (CDM). Pakistan ratified the Kyoto Protocol in 1997 and implemented it in 2005. To ensure the smooth functioning of carbon trading business in Pakistan, CDM related infrastructure was developed. Mainly this includes the establishment of CDM Cell in Pakistan, but a number of private consultancies also came into being with the emergence of this mechanism.

scholarly journals Engaging with carbon markets: the Libya case

2011 ◽  
Vol 18 (1) ◽  
pp. 25 ◽  
Author(s):  
Sebastian Thomas ◽  
Paul Dargusch
Keyword(s):  
Political Ecology ◽  
Kyoto Protocol ◽  
Clean Development Mechanism ◽  
Carbon Markets ◽  
Development Programs ◽  
Economic Forces ◽  
Challenges And Opportunities ◽  
Policy Dynamics ◽  
Reconstruction Strategy ◽  
Development Mechanism

Climate change and the emerging carbon-constrained economy of the 21st Century present new challenges and opportunities for countries of the Middle East and North Africa. This paper discusses the potential for Libya to participate in the Clean Development Mechanism (CDM), the main flexibility mechanism of the Kyoto Protocol, which is designed to reduce greenhouse gas emissions and promote sustainable development. The paper considers the interaction of Libya's history and socio-cultural characteristics with global policy dynamics and economic forces. Libya's geography presents considerable potential in terms of CDM project opportunities, yet key developments would be required before these could be exploited. The nature of Libya's political system and social structures suggest that these developments are unlikely to occur while the Qadhafi regime endures, and therefore that Libya will not be able to engage successfully with the CDM and international mitigation activities in the short term. However, the CDM represents a means to implement capacity building and technical development programs, which will be integral components of reconstruction strategy in the aftermath of the dramatic events of early 2011.Keywords: Libyan energy policy; Clean Development Mechanism; political ecology; socio-economic reform; Kyoto Protocol.

scholarly journals Assessing the Climate Governance Contribution and Future of the Clean Development Mechanism

2018 ◽  
Vol 87 (4) ◽  
pp. 393-435
Author(s):  
Gerard Kelly
Keyword(s):  
Developing Countries ◽  
Kyoto Protocol ◽  
Clean Development Mechanism ◽  
Paris Agreement ◽  
Carbon Markets ◽  
Climate Governance ◽  
Future Role ◽  
Less Developing Countries ◽  
Development Mechanism

This article assesses the contribution of the clean development mechanism (cdm) to climate governance. The cdm emerged as the key offset mechanism under the Kyoto Protocol, but its contribution to climate governance remains contested. This article deconstructs the cdm by evaluating the mechanism’s dominant critiques and offers a synthesised analysis of its core design and operational defects. The implications of the Paris Agreement, particularly the prospect of a successor mechanism to the cdm, are evaluated, and inform this article’s vision of a reconstructed mechanism as an important component in the evolving carbon markets infrastructure. Although such a reconstructed mechanism would continue to build a base of regulatory experience in less developing countries, this article suggests that the framework emerging under the Paris Agreement should more carefully circumscribe the cdm’s future role. Finally, this article concludes by considering the potential climate governance contribution of a reconstructed cdm.

scholarly journals The Global Political Ecology of the Clean Development Mechanism

2012 ◽  
Vol 12 (4) ◽  
pp. 49-67 ◽  
Author(s):  
Peter Newell ◽  
Adam Bumpus
Keyword(s):  
Political Ecology ◽  
Global Governance ◽  
Clean Development Mechanism ◽  
Local Politics ◽  
Local Level ◽  
Field Work ◽  
Carbon Markets ◽  
Environmental Consequences ◽  
Political Ecologies ◽  
Development Mechanism

This article explores the ways in which the “global” governance of the Clean Development Mechanism (CDM) intersects with the “local” politics of resource regimes that are enrolled in carbon markets through the production and trade in Certified Emissions Reductions (CERs). It shows how political structures and decision-making procedures set up at the international level to govern the acquisition of CERs through the Kyoto Protocol's CDM interact with and transform national and local level political ecologies in host countries where very different governance structures, political networks, and state-market relations operate. It draws on literature within political ecology and field work in Argentina and Honduras to illustrate and understand the politics of translation that occur when the social and environmental consequences of decisions made within global governance mechanisms, such as the CDM, are followed through to particular sites in the global political economy. It also shows how the outcomes in those sites in turn influence the global politics of the CDM.

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