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Climate Change Mitigation in Developing Countries - A Critical Assessment of the Clean Development Mechanism (Hardcover)
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Climate Change Mitigation in Developing Countries - A Critical Assessment of the Clean Development Mechanism (Hardcover)
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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, SwitzerlandIn 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 emission reductions from projects in
developing countries as their own. Presented in four core empirical
chapters, the book critically reviews whether and how the CDM
creates incentives or disincentives for developing country action
towards reducing greenhouse gas emissions, and draws lessons for
the future international climate change regime. Recommendations and
discussion on the reform of the CDM invoke debate on the future of
this policy in developing countries, which is vital material for
both policymakers and international institutions introducing
similar instruments. Students and researchers working on topics
related to environmental politics, climate policy, environmental
economics and environmental science will also find this resource
invaluable. Contents: 1. Introduction to the Clean Development
Mechanism 2. Conceptual Framework 3. Will Preferential Access
Measures Overcome Barriers to CDM Projects in Least Developed
Countries? 4. Discounting Emission Credits and Competitiveness of
Different CDM Host Countries 5. Does the CDM Discourage Emission
Reduction Targets in Advanced Developing Countries? An Analysis of
the Low-hanging Fruit Issue 6. Do Domestic Renewable Energy
Promotion Policies Lead to More CDM Projects? 7. Concluding Remarks
References
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