The clean development mechanism: institutional break through or institutional nightmare?
By: Repetto, Robert.
Material type:
ArticlePublisher: 2001Description: p.303-27.Subject(s): Climatic change
In:
Policy SciencesSummary: The Clean Development Mechanism, defined in Article XII of the Kyoto Protocol to the UN Framework Convention on Climate Change, is a crucial instrument to enlist developing countries' participation in emissions limitation, to reduce industrialized countries' compliance costs and the facilitate resource and technology transfers. However, the CDM contains perverse compliance incentives and is beset with problems of credit definition, monitoring, enforcement, and potentially high transactions costs. This paper defines some important design safeguards and suggests an alternative approach should the Kyoto Protocol eventually be renegotiated. - Reproduced.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 34, Issue no: 3-4 | Available | AR51438 |
The Clean Development Mechanism, defined in Article XII of the Kyoto Protocol to the UN Framework Convention on Climate Change, is a crucial instrument to enlist developing countries' participation in emissions limitation, to reduce industrialized countries' compliance costs and the facilitate resource and technology transfers. However, the CDM contains perverse compliance incentives and is beset with problems of credit definition, monitoring, enforcement, and potentially high transactions costs. This paper defines some important design safeguards and suggests an alternative approach should the Kyoto Protocol eventually be renegotiated. - Reproduced.
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