This technical document analyzes the Clean Development Mechanism (CDM) and argues that it is time to rethink the approach to promoting emissions reduction in developing countries with a view to bringing them in better alignment with reductions undertaken in developed countries. It stresses that while CDM promotes emissions reduction in developing countries, it does not reduce the global cost of reduction. It only shifts the burden of investment.
Download file: ENG
Organization: UNEP, Technical University of Denmark
Topics: Finance, Mitigation, Technology, Financial Mechanisms, Carbon Financing and CDM
Type of material: Analytical-Technical Document
Publication date: 2012