Does the current Clean Development Mechanism (CDM) deliver its sustainable development claim? An analysis of officially registered CDM projects |
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Authors: | Christoph Sutter Juan Carlos Parreño |
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Institution: | (1) South Pole Carbon Asset Management, Technoparkstrasse 1, 8005 Zürich, Switzerland;(2) Present address: Schuitenweg 33, 2586 AE Den Haag, The Netherlands;(3) Present address: Zürichstrasse 123, CH-8700 Küsnacht, Switzerland |
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Abstract: | This article presents an analytical framework for analyzing Clean Development Mechanism (CDM) projects in terms of their contribution
to employment generation, equal distribution of CDM returns, and improvement of local air quality. It assesses 16 officially
registered CDM projects with regard to whether they fulfill the two objectives required by the Kyoto Protocol: greenhouse
gas emission reductions and contribution to sustainable development in the host country. While a large part (72%) of the total
portfolio’s expected Certified Emission Reductions (CERs) are likely to represent real and measurable emission reductions,
less than 1% are likely to contribute significantly to sustainable development in the host country. According to our analysis,
there are currently no UNFCCC registered CDM projects that are likely to fulfill the Kyoto Protocol’s twofold objective of
simultaneously delivering greenhouse gas (GHG) emission reduction and contributing to sustainable development. |
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