Climate Change Mitigation in Developing Countries: A Critical Assessment of the Clean Develoment Mechanism

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Posted on 2020-07-06, by books_lover.

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Climate Change Mitigation in Developing Countries: A Critical Assessment of the Clean Develoment Mechanism 'Against all odds, the CDM has shown that market mechanisms for greenhouse gas reduction in developing countries can work. Nevertheless, as Paula Castro explains convincingly, the CDM is no 'magic bullet'. Advanced developing countries need to be 'weaned off' the CDM in order to take up commitments, while the monetary incentive from emission credit sales is insufficient to put least developed countries on a low-emission pathway. However, experience from the CDM remains critical in designing new market mechanisms.' - Axel Michaelowa, University of Zurich, Switzerland In this groundbreaking book, Paula Castro presents the first systematic categorization of positive and negative incentives generated by the Clean Development Mechanism (CDM) for climate change mitigation in the Global South. To reduce the cost of meeting their greenhouse gas emission reduction commitments under the Kyoto Protocol, industrialized countries may rely on the CDM, a market instrument that allows them to count
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