Clean development mechanism projects for developing countries: Potential for carbon emissions mitigation and sustainable development

2014 ◽  
Author(s):  
D. O. Akinyele ◽  
N. K. C. Nair ◽  
R. K. Rayudu ◽  
W. K. G. Seah
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Carbon Emissions ◽  
Clean Development Mechanism ◽  
Emissions Mitigation ◽  
Development Mechanism

The Odd Couple: Uniting Climate Change Mitigation and Sustainable Development under the Clean Development Mechanism

2015 ◽  
Vol 0 (0) ◽  
Author(s):  
Alexander Condon
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Developing Countries ◽  
Foreign Aid ◽  
Clean Development Mechanism ◽  
Direct Investment ◽  
Climate Change Mitigation ◽  
Path Dependence ◽  
Change Mitigation ◽  
Development Mechanism

AbstractThis article assesses the effectiveness of the Kyoto Protocol’s Clean Development Mechanism (CDM) in meeting its twin aims of emission reductions and sustainable development. To date, the CDM has failed to achieve these goals. This article argues that the CDM’s shortcomings are due to path dependence, with the CDM stuck at a suboptimal equilibrium of insufficient institutions, capital and leadership. A reform scheme involving foreign direct investment, foreign aid and CDM amendments is prescribed for pushing the CDM to a more efficient and prosperous path. A properly functioning CDM would afford both developed and developing countries the opportunity to secure a more sustainable economic and environmental future.

scholarly journals The Clean development mechanism

2016 ◽  
Vol 6 (1) ◽  
pp. 95-112
Author(s):  
Yusuf Muchelulea ◽  
Kevin Mulama
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Developing Countries ◽  
Technology Transfer ◽  
United Nations ◽  
Clean Development Mechanism ◽  
Developed Countries ◽  
Energy Development ◽  
If Current ◽  
Development Mechanism

The Clean development mechanism (CDM) is a new tool for promoting sustainable development in developing countries. It was established by the Kyoto Protocol under the United Nations Framework Convention on Climate Change (UNFCCC). It promises developed countries certified emission reductions (CERs) if they comply with their quantified emission targets and developing countries sustainable development benefits if they participate and invest in clean renewable technologies. Energy development through investments in clean technology transfer can contribute to sustainable development. However, sustainable development will only be achieved if current barriers and gaps facing CDM project implementation in Kenya are mitigated or removed altogether paving way for the development of more CDM projects in Kenya.

scholarly journals Success Factors for Clean Development Mechanism Implementation in Malaysia

2013 ◽  
Vol 7 (3) ◽  
pp. 185 ◽  
Author(s):  
Say Keat Ooi ◽  
Azlan Amran ◽  
Zainorfarah Zainuddin
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Clean Development Mechanism ◽  
Emission Reduction ◽  
Success Factors ◽  
Ghg Emissions ◽  
Legal Framework ◽  
Industrialized Countries ◽  
Development Goals ◽  
Development Mechanism

The Clean Development Mechanism (CDM), established under the Kyoto Protocol, is one of the market-based mechanisms developed to assist industrialized countries mitigate greenhouse gas (GHG) emissions, achieve emission reduction targets, and at the same time promote sustainable development in developing countries. The CDM, which provides flexibility and costeffectiveness in meeting GHG emission reduction targets, has captured interest globally. CDM implementation is expected to generate benefits, give developing countries a sense of ownership, and share the global load in tackling global warming and climate change. However, CDM <br />implementation faces several complications. The successful participation of developing countries in emission reduction projects presents ongoing challenges, which inhibit their drive towards sustainable development goals. Through a comprehensive review of the literature and theoretical analysis, several factors have been identified as significant to successful CDM implementation in Malaysia. These success factors, which include regulation and a legal framework, competitive advantage, green supply chain, ethical values, financial benefits, and technology transfer, are presented and the importance of each factor is discussed.

scholarly journals An Assessment Of Clean Development Mechanism Project Contribution To Sustainable Development In Nigeria

2016 ◽  
Vol 15 (6) ◽  
pp. 315-328 ◽  
Author(s):  
Surendran Pillay
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Developing Countries ◽  
Greenhouse Gases ◽  
Clean Development Mechanism ◽  
Skewed Distribution ◽  
Clean Development Mechanism Project ◽  
Reduce Emissions ◽  
Economic Sustainable Development ◽  
Development Mechanism

A Clean Development Mechanism (CDM) is a market-based climate change instrument used to reduce emissions of greenhouse gases. CDM’s have become popular in many developing countries, however given the materially skewed distribution of CDM projects in developing countries it not clear whether CDM projects contribute materially to environmental and economic sustainable development in developing countries. This study examines the effect of CDM on sustainable development in Nigeria by reviewing sample of working CDM projects in Nigeria against globally established sustainable development criteria. Possible amendments to CDM policy are then reviewed based on the findings made during the study. 

scholarly journals The Economic Drivers and Environmental Outcomes of the Clean Development Mechanism in Vietnam

2011 ◽  
pp. 121-141
Author(s):  
Leonard Smith ◽  
Paul Dargusch ◽  
Sebastian Thomas
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Development Strategy ◽  
Clean Development Mechanism ◽  
Developed Countries ◽  
Global Market ◽  
Project Development ◽  
Least Developed Countries ◽  
Development Objectives ◽  
Development Mechanism

The Clean Development Mechanism (CDM) is the principal source of carbon offsets in the global market, and is intended to be a key driver of sustainable development and technical transformation in developing countries. The distribution of CDM projects by country has been skewed, with over 75% of registered projects having taken place in just four countries, namely China, India, Brazil and Mexico. A change in this pattern of development may be occurring, however, as smaller developing countries become increasingly active in the carbon market. An example of this is the rapid rise in the number of CDM projects based in Vietnam since early 2009. This paper investigates factors contributing to the growth of CDM projects in Vietnam and describes some of the key features of the projects that have been developed. Hydropower projects are found to dominate new CDM project development in Vietnam. It is suggested that CDM project development in Vietnam may be a tool to support domestic energy security rather than being primarily driven by the intended climate change mitigation and sustainable development objectives of the CDM. It is also possible that Vietnam is emulating the development strategy of China, and may serve as a model for other members of the Least Developed Countries group. A country’s domestic policy choices are critical in determining its attractiveness as a host country for offset projects, and Vietnam’s policy strategies are successfully harnessing synergies between domestic agendas and regulated foreign markets.

Examining perspectives and dimensions of clean development mechanism

2017 ◽  
Vol 59 (1) ◽  
pp. 82-101 ◽  
Author(s):  
Pravesh Aggarwal ◽  
Rupesh Aggarwal
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Clean Development Mechanism ◽  
Developed Countries ◽  
Economic Benefits ◽  
Environmental Benefits ◽  
Content Type ◽  
Local Stakeholders ◽  
Development Mechanism

Purpose This paper aims to critically evaluate the working of the clean development mechanism (CDM) particularly in developing and least developed countries in the light of recent developments. Design/methodology/approach Part I of the paper delves upon various international rules governing the CDM. Part II of the paper draws out the rationale behind the introduction of the CDM under the Kyoto Protocol so as to provide a basis for its critical assessment in actual practice, as dealt with in Part III. Finally, the paper makes a concluding remark and suggests a way forward. Findings It is submitted that the CDM suffers from a gamut of concerns, which need to be adequately addressed. The business-centric approach followed by the investors of CDM projects has been a major reason behind denial of social, economic and environmental benefits pertinent for attaining sustainable development in the developing countries. The urge to derive economic benefits resulting from their investment has made the developing countries more competitive but turn a blind eye to reduced standards maintained for sustainable development. Besides, long-term benefits arising out of such projects, along with greater public participation of local stakeholders in CDM activities, have usually taken a backseat. A need is there to involve the CDM in the agricultural sector, which would have long-term benefits. Besides, it is required to enhance local stakeholder consultation, which ensures that people affected by a CDM project can give a timely, meaningful input to a proposed project. In the 80th meeting of the CDM Executive Board, held in Bonn, it was further decided that the complaints of the local stakeholders shall be given effect through subsequent changes in the project design of the CDM pipeline, along with their consultation before the real start of the project. Greater participation will also be ensured through increased publically available data on CDM projects. Originality/value The paper is original and brings out some valuable suggestions to improve the working of the CDM.

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