Since the inception of the cap and trade model under the Kyoto Protocol, many environmentalists have argued it will do little to cut emissions, but will instead give companies permission to pollute while generating lucrative trading fees for the banks that trade the government-issued allowances which form the backbone of the scheme.
Jyoti Mhapsekar has ideas on low-cost ways to reduce the world's carbon burden. As president of the Parisar Vikas women's waste-pickers cooperative in Mumbai, India, and a climate activist, she has first-hand experience in an industry that is not only one of the cheapest ways to reduce emissions.
The clean development mechanism (CDM) of the Kyoto Protocol is designed not only to mitigate greenhouse gas emissions (GHG) but also to contribute locally to sustainable development. As a market-based mechanism, CDM has the potential to channel private investments into development activities with economic, social, and environmental benefits.
This overview discusses a series of themes critical to understanding the governance of clean development that cut across each of the case studies showcased in this special issue.
This article analyzes the interaction between stakeholders in the clean development mechanism (CDM) in Brazil and assesses the impacts this market mechanism has had on institutions and on the climate change policy discourse in Brazil. Brazil ranks as the third largest host country for CDM projects, even though it has maintained a strong commitment to the environmental integrity of the CDM system.
The Clean Development Mechanism (CDM) is a market mechanism that was created by an international regime, but its successful implementation relies on effective CDM governance within its host countries. What kinds of carbon governance patterns are appropriate for reaching the goals of the Kyoto Protocol?
Judged by the sheer number of clean development mechanism (CDM) projects registered and in the pipeline, India undoubtedly can be seen as a success story as far as the functioning of the local carbon market is concerned.
