The Road to the Successful Clean Development Mechanism


Book Description

The Clean Development Mechanism (CDM) has evolved at a surprising speed since 2003 and is considered to have made positive contributions to the development of greenhouse-gas-reducing projects in developing countries. Taking into account its historical significance as the first effort of its kind and its current success, a thorough evaluation of its system and its effectiveness is of critical importance. Against this backdrop, this study closely investigates each stage of the CDM project cycle from development and registration of projects to issuance of certified emission reductions and identifies influential factors for the successful CDM implementation. For the analysis, we performed an extensive quantitative analysis augmented by a descriptive study, based on information of approximately 5000 CDM project. Our findings suggest that the development of CDM projects is stimulated by favorable economic, social and technical environments in host countries as well as supportive CDM administration. This explains why projects are currently concentrated in certain countries such as China and India. Once projects are developed and submitted for validation, the success of the CDM projects at the next stages of project cycle related to registration and Certified Emission Reduction (CER) issuance is influenced by their types and a choice of Designated Operational Entities and project consultants. In particular, significant difference in registration success exists across project types, which calls for special attention of both the CDM authority and project participants to projects with high risks like energy efficiency, fossil fuel switch and biomass projects. Lastly, we found that performance of projects is affected by very project-specific conditions. For many of the most poorly performing projects, failure is attributable to technical and operational problems at the initial stage of project implementation, which highlights the importance of well-prepared PDDs. Based on the findings, the thesis concludes with policy recommendations to enhance the capacities and improve the performance of the major players under the CDM.




Implementing Clean Development Mechanism


Book Description

Clean Development Mechanism (CDM), a brainchild of Kyoto Protocol, is a unique global instrument symbolising perfect symbiotic marriage between developed and developing countries with a distinct possibility of a win-win outcome for both. In last five years that CDM has been in force, the economic success has indeed been spectacular as well as path breaking. Although, the CDM's market potential as well as its past performance has been unquestioned but many experts find the present form of CDM riddled with many shortfalls and complexities which according to them is the major barrier in realisation of its full potential. This book explores and critically evaluates some of these design issues in CDM architecture using actual CDM cases successfully hosted by India. This book is envisaged to be extremely useful to CDM policy makers, designated operational entities, project proponents, researchers, students and any reader interested in carbon market and its functioning.




The road to UNFCCC COP 18 and beyond


Book Description

Europe should set a target to reduce CO2 emissions by 30% on 1990 levels by 2020 in order to demonstrate political leadership in the run up to UN climate talks in 2015, when political consensus could be reached on a new international agreement to replace the Kyoto protocol. The Kyoto Protocol created an invaluable architecture for future agreements - including common emissions reporting, accounting standards and a compliance system - but it should not be renewed after 2020. Instead, diplomatic efforts should now be focused on reaching a new, and genuinely international, agreement via the promising Platform negotiated last year in Doha. Europe's influence over future international negotiations would be greatly increased if its own economy was decarbonised more. The Human Development Index should be used in future to determine equitably which countries are treated as 'developed' - and required to decrease their emissions immediately. Given the severe fiscal constraints in most developed countries, it is unlikely that the US $100 billion Green Climate Fund target will be reached by 2020 unless an innovative mechanism is developed to budgetary contributions. The UK should exploit its expertise in financial services to develop innovative mechanisms for levering in more private investment. The Government should support moves to eliminate the $400 billion of fossil fuel subsidies across the world, while ensuring that this is done in a way that does not worsen fuel poverty. The Government should also show leadership by acknowledging that consumption in the UK and some other developed countries is driving up territorial emissions elsewhere




Renewable Energy Project Development Under the Clean Development Mechanism


Book Description

This definitive guide to developing renewable energy CDM projects in Latin America - the largest market on the doorstep of the United States - provides business leaders, investors, project developers and host country offices with the one-stop guide to successful CDM renewable energy project development. The book opens with an accessible guide to the CDM that explains what it is and how it works in both theory and practice with a step-by-step guide for investors, project developers, consultants and Designated National Authorities (DNAs). The book then provides valuable country-by-country market analysis of Latin America with a focus on the electrical sector, renewable energy incentives and the overall investment climate that provides an authoritative guide to the most and least favourable places to develop projects. The final section provides guidance for how to overcome the identified barriers with practical actions for successful project development.







Road from Kyoto


Book Description







Clean Development Mechanism in a Post-Kyoto Framework


Book Description

The Clean Development Mechanism (CDM) is a Greenhouse Gas (GHG) offset mechanism which is a part of the Kyoto Protocol. It allows developed countries to reduce GHGs in developing countries. In this project, current CDM projects which have already been registered or rejected by the United Nations Framework Convention on Climate Change (UNFCCC) as of January 4th, 2010 are examined by using linear and logistical regression models to detect significant factors with respect to successful registration, project duration, project scale and project efficiency. Each analysis is conducted for all CDM projects and for Japanese CDM projects. The results from the models show CDM projects with particular characteristics (sector, host countries, validator) are less risky in terms of investment. This means research and development for CDM schemes are beneficial for improvement of GHG reduction in developing countries. However, it is still difficult to assess how much each CDM project contributes to the sustainable development of a given host country.




How to Avoid a Climate Disaster


Book Description

#1 NEW YORK TIMES BEST SELLER • In this urgent, authoritative book, Bill Gates sets out a wide-ranging, practical—and accessible—plan for how the world can get to zero greenhouse gas emissions in time to avoid a climate catastrophe. Bill Gates has spent a decade investigating the causes and effects of climate change. With the help of experts in the fields of physics, chemistry, biology, engineering, political science, and finance, he has focused on what must be done in order to stop the planet's slide to certain environmental disaster. In this book, he not only explains why we need to work toward net-zero emissions of greenhouse gases, but also details what we need to do to achieve this profoundly important goal. He gives us a clear-eyed description of the challenges we face. Drawing on his understanding of innovation and what it takes to get new ideas into the market, he describes the areas in which technology is already helping to reduce emissions, where and how the current technology can be made to function more effectively, where breakthrough technologies are needed, and who is working on these essential innovations. Finally, he lays out a concrete, practical plan for achieving the goal of zero emissions—suggesting not only policies that governments should adopt, but what we as individuals can do to keep our government, our employers, and ourselves accountable in this crucial enterprise. As Bill Gates makes clear, achieving zero emissions will not be simple or easy to do, but if we follow the plan he sets out here, it is a goal firmly within our reach.