The Future of the Clean Development Mechanism: A Note on the Report 'A Call to Action' of the High-Level Panel on CDM Policy Dialogue

CEPS Special Report No. 71

7 Pages Posted: 24 Nov 2012

See all articles by Andrei Marcu

Andrei Marcu

Centre for European Policy Studies (CEPS)

Date Written: November 20, 2012

Abstract

The clean development mechanism (CDM) has been through a long and complex growing process since it was approved as part of the Kyoto Protocol. It was designed within the framework of the UNFCCC and the Kyoto Protocol, and reflected the political and economic realities of that time. To ensure its continued effectiveness in contributing to future global climate action and to reflect on how best to position the CDM to respond to future challenges, a high-level panel (HLP) was formed at the Durban climate change conference in 2011. Following extensive consultations, the panel published its report in September 2012. Through this Special Report, the CEPS Carbon Market Forum offers its reflections on findings and recommendations of the HLP, as well as, by extension, its own views on the future of the CDM. In the context of the latter, it explores the following questions:

- Is there a need for an instrument such as the CDM in the future?

- What ‘demand’ can it fill?

- In the roles identified under the first question, what can be done to adapt it and also continue to increase its efficacy?

Keywords: clean development mechanism, CDM, Kyoto Protocol, UNFCCC, Durban, high-level panel, HLP

Suggested Citation

Marcu, Andrei, The Future of the Clean Development Mechanism: A Note on the Report 'A Call to Action' of the High-Level Panel on CDM Policy Dialogue (November 20, 2012). CEPS Special Report No. 71, Available at SSRN: https://ssrn.com/abstract=2179791

Andrei Marcu (Contact Author)

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres, 1000
Brussels, 1000
Belgium

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
27
Abstract Views
264
PlumX Metrics