The Clean Development Mechanism and the Need for, and Barriers to, Equitable Distribution

30 Pages Posted: 22 Jan 2011 Last revised: 27 Apr 2014

Date Written: January 21, 2011

Abstract

The CDM was established both to help developed countries to meet their greenhouse gas emission reduction targets cost-effectively and to assist developing countries on the path to sustainable development. While much of the current climate change negotiations focus on the issue of greenhouse gas reductions, they also afford an opportunity to reconsider the distribution of projects under the CDM. Countries have on numerous occasions called for the equitable distribution of these projects. As this paper indicates, however, distribution remains inequitable and will remain inequitable because of the way in which the CDM operates. The paper examines the existing barriers to equitable distribution and the prospects for achieving an equitable distribution in the post-2012 period. It concludes that despite the various initiatives, both current and proposed, to address the problem of inequitable distribution, the problem will persist because of the prevalence of unilateral projects in the CDM market, and the nature of the CDM as a market-based instrument.

Keywords: Clean Development Mechanism, Equitable Distribution, Equity

Suggested Citation

Akanle, Tomilola, The Clean Development Mechanism and the Need for, and Barriers to, Equitable Distribution (January 21, 2011). Available at SSRN: https://ssrn.com/abstract=1745017 or http://dx.doi.org/10.2139/ssrn.1745017

Tomilola Akanle (Contact Author)

University of Dundee ( email )

Dundee, Scotland DD1 4HN
United Kingdom

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