From Kyoto To Paris Transitioning The Clean Development Mechanism

This publication provides insights on deliberations regarding the Clean Development Mechanism (CDM) transition and implications for Asia and the Pacific. With the Article 6 Rulebook expected to be finalized at the 26th Conference of Parties in Glasgow, the Asian Development Bank hopes this publication can increase knowledge and understanding of the CDM transition along with its relevance to economies in the region. It is also intended to help stakeholders from Asia and the Pacific become better prepared to contribute to the finalization of the Article 6 Rulebook and move toward operationalizing Article 6 of the Paris Agreement.

This publication provides insights on deliberations regarding the Clean Development Mechanism (CDM) transition and implications for Asia and the Pacific, in preparation for the 26th Conference of Parties (COP26). This publication aims to increase knowledge and understanding of the CDM transition along with its relevance to economies in the Asia and the Pacific. It is intended to help stakeholders in the region become better prepared to contribute to the finalization of the Article 6 Rulebook and move toward operationalizing Article 6 of the Paris Agreement.

This report on the technical, financial and institutional aspects of the Clean Development Mechanism (CDM) in relation to the Kyoto Protocol is based on the work and deliberations of the Ad Hoc Working Group commissioned by the United Nations Conference on Trade and Development.--Publisher's description.

This volume analyses democratic governance, the rule of law and development in Africa. It is unique and timely. First, the theme and sub-themes were carefully selected to solicit quality chapters from academics, practitioners and graduate students on topical and contemporary issues in constitutional law, human rights, and democratic governance in Africa. The chapters were subjected to a single-blind peer review by experts and scholars in the relevant fields to ensure that high quality submissions are included. Due to the dearth of knowledge and studies on the chosen thematic areas, the publication will remain relevant after several years due to the timeless themes it covers. In this regard, this edited volume audits the progress of democratic consolidation, rule of law and development in Ghana with selected case studies from other African countries. This book is intended for higher education institutions (universities, institutes and centres), public libraries, general academics, practitioners and students of law, democracy, human rights and political science, especially those interested in African affairs.

This report analyzes how carbon markets can be designed to help economies reach ambitious emission reduction goals and generate the financing needed to scale up climate action and build a resilient future. Designed as a framework for policymakers, it examines the current state of international and domestic carbon markets, delves into legal and policy issues, and explains how informed policy choices can be made when designing national strategies for carbon markets under the Paris Agreement. It assesses the opportunities and challenges with carbon markets, and shares insights on how high-integrity carbon markets can underpin the transition towards a low-carbon economy as countries transition towards net zero.

Under the Kyoto Protocol, industrialized countries committed to emission reductions may fulfill part of their obligations by implementing emission reduction projects in developing countries. In doing so, they make use of the so-called Clean Development Mechanism (CDM). Two important issues surround the implementation of the CDM. First, if the cheapest abatement measures are implemented for CDM projects, developing countries may be left with only more expensive measures when they have to meet their own commitments in the future (the so-called low-hanging fruits issue). Second, a choice must be made on the type of baseline against which emission reductions are measured: an absolute baseline or a relative (to output) one (the baseline issue). The purpose of this paper is to study the interactions between these two issues from the point of view of the developing country. Two major results are obtained. First, when possible future commitments for developing countries and irreversibility of abatement measures are taken into account, we show that the industry where CDM projects are implemented enjoys larger profits under an absolute baseline than under a relative one. Second, concerning the low-hanging fruits problem, the financial compensation required by the developing country for implementing too many CDM projects is larger under the relative baseline.

The Clean Development Mechanism (CDM), a market mechanism under the Kyoto Protocol, has been successful in supporting mitigation actions through carbon inance. With nearly 7,700 projects and 290 Program of Activities registered by the CDM Executive Board, the CDM allows GHG emission reduction projects in developing countries to generate Certiied Emission Reductions which can be used to ofset mandatory or voluntary emission reduction targets. It however requires a robust monitoring, reporting, and veriication (MRV) to ensure social and environmental integrity of such projects and the emissions reductions thereof. This MRV manual is intended to assist CDM project developers in understanding and managing the MRV requirements and process of their CDM projects in a simple step-by-step manner with the help of real examples and practical tips. While this MRV manual has been developed primarily to assist CDM project developers, it also aspires to be of help for projects participating in other existing and emerging market mechanisms. These may include bilateral mechanisms; voluntary carbon markets; regional, national, and subnational carbon markets; and any of the cooperative approaches and new market mechanism for the post-2020 carbon markets consequent to the Paris Agreement adopted at COP21 in December 2015. As carbon markets in the region evolve beyond CDM, there is a strong need to maintain and further build institutional capacities to ensure growth and enhanced efectivity of carbon markets---and this MRV manual is an efort in that direction.

According to the contributors of this volume, a wide range of options in addition to the Kyoto Protocol need to be considered to promote long-term climate protection and bridge the growing divide among nations over how to take action. This compilation explores some of the best alternatives, with special attention to options that promote participation by both industrialized and developing countries.

The Clean Development Mechanism (CDM) was established under the Kyoto Protocol to help countries achieve sustainable development and meet their reduction commitments for emissions of greenhouse gases. The CDM allows developed countries to acquire certified emissions reductions (CERs) by undertaking greenhouse gas mitigating projects in developing countries. This report looks at the technical, financial and institutional aspects of the CDM. It discusses the structure of the CDM's investment function, the various sources of financing available for CDM projects and issues relating to its institutional structure and governance. It finds that the effect of CDM investments could be substantial, if used effectively and with an integrated approach to the other Protocol mechanisms.