Market Mechanisms for Sustainable Development in a Post-2012 Climate Regime: Implications for the Development Dividend
There is broad consensus in the international talks on a post-2012 climate change regime on the need for some perpetuation of the CDM—a market mechanism for sustainable development (MMSD). Regime options under discussion will impact on the "development dividend" of a post-2012 MMSD, affecting quality (sustainable development), quantity (volume of CERs) and regional distribution. This paper examines four regime options—increasing the scope of the CDM to include additional sectors, differentiation of developing country eligibility, expanding the CDM, and a fund-based mechanism—and their potential impacts on the three elements of the development dividend.
This paper appears in A Reformed CDM - Including New Mechanisms for Sustainable Development, published by UNEP Risø Centre as part of their Capacity Development for CDM (CD4CDM) Project.
Participating experts
You might also be interested in
November 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In October 2024, 20 oil and gas exploration licences were awarded across three countries, with a significant portion granted by Brazil.
Green Public Procurement in Indonesia
This report explores the state of green public procurement (GPP) in Indonesia and offers key strategies for advancing sustainable procurement practices.
Sustainable Asset Valuation (SAVi) of Aquaculture in Madagascar
In this integrated cost-benefit analysis, the Nature-Based Infrastructure Global Resource Centre analyzes the potential of sustainable aquaculture practices to enhance nutrition and protect the environment in Madagascar.
Navigating Global Sustainability Standards in the Mining Sector
This brief examines the latest developments and trends in responsible mining standards and voluntary sustainability initiatives.