Diffusion of the Clean Development Mechanism

Diffusion of the Clean Development Mechanism

Shaikh M. Rahman (Texas Tech University, USA), Ariel Dinar (University of California, USA) and Donald F. Larson (World Bank, USA)
DOI: 10.4018/978-1-61692-006-7.ch012

Abstract

The Clean Development Mechanism (CDM) of the Kyoto Protocol is an innovation that combines greenhouse gas abatement targets with sustainable development objectives. This chapter provides an estimate of the overall growth pattern of the CDM and makes projections about CDM activity during and beyond the first commitment period of the Kyoto Protocol commitments under current rules. The results imply that if the emission reduction targets remain unchanged beyond the first commitment period, further expansion of the CDM pipeline is unlikely.
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Growth Of Cdm In The World And Individual Countries

The CDM/JI Pipeline Analysis and Database of the United Nations Environment Programme (UNEP) Risoe Center constructs and maintains an up-to-date dataset consisting of all CDM projects that have been sent to the CDM Board for validation. The dataset includes information about each individual CDM project, such as project name, type, registration/validation status, baseline and monitoring methodologies, involved host country and credit buyers, expected annual and total CERs to be generated in each year during the life of the project, potential power generation capacity, etc. In order to analyze the CDM adoption process, information about all CDM projects that have been sent to UNFCCC for validation up until December 2007 are extracted from that dataset.

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