Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32938 
Authors: 
Year of Publication: 
2005
Series/Report no.: 
HWWA-Report No. 255
Publisher: 
Hamburg Institute of International Economics (HWWA), Hamburg
Abstract: 
The Clean Development Mechanism as a global flexible mechanism of the Kyoto protocol has a sound basis in theory which has led to its inclusion in the international climate regime. Current trends of the CDM show a clustering of projects towards a few larger developing countries. Contrary to the inclusion of more developing nations in the climate change process, present participation requirements of the CDM have unfortunately prevented 67% of developing nations from engaging in CDM projects. Distinct conditions among developing countries have led to different implementation circumstances. This, in turn, has triggered differences in the capacity to implement CDM projects. Moreover, project investors, in pursuit of an optimum investment portfolio, have had a tendency to support the same cluster of countries. Revisiting the fundamentals of the UNFCCC, criteria can be formulated and applied to all developing countries to identify nations that should be given project priorities in the CDM. Enforcing redistribution of CDM projects among developing nations need not take a complete re-thinking of the CDM concept. An equitable distribution of CDM projects is possible within the current structure of the CDM framework.
Document Type: 
Research Report

Files in This Item:
File
Size
952.01 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.