Definition
The Clean Development Mechanism (CDM) is one of the three market-based flexibility mechanisms established by the Kyoto Protocol to the United Nations Framework Convention on Climate Change (1997). It is an effective mechanism to reduce emissions by promoting sustainable energy projects, which allows emissions trading among different countries and helps in achieving goals of emissions reduction (Nautiyal and Varun 2015: 121). CDM projects earn tradable, saleable certified emission reductions (CERs) credits that can be used by industrialized (Annex 1) countries and firms to meet a part of their emission reduction targets under the Kyoto Protocol. Videlicet, the CDM allows industrialized (Annex 1) countries and firms to offset their national emissions by investing in Greenhouse Gas (GHG) reduction activities in the developing world (non-Annex I nations) in return for emissions credits, known as CERs. The CDM is the main source of income for the UNFCCC Adaptation Fund, which...
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References
Clean Development Mechanism (CDM). Retrieved from https://cdm.unfccc.int/
Kang, N. H., & Paik, M. J. (2010). Clean development mechanism preferred: Flexibility mechanism in Kyoto protocol. Asian Business Lawyer, 6, 31–48.
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Kyoto protocol to the United Nations framework convention on climate change. Retrieved from https://unfccc.int/resource/docs/convkp/kpeng.pdf#page=12
Nautiyal, H., & Varun. (2015). Clean development mechanism: A key to sustainable development. In P. Thangavel & G. Sridevi (Eds.), Environmental sustainability. New Delhi: Springer. https://doi.org/10.1007/978-81-322-2056-5_7.
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Further Reading
Addaney, M. (2018). The clean development mechanism and environmental protection in rapidly developing countries: Comparative perspectives and lessons from China and India. Tsinghua China Law Review, 10(2), 297–331.
Asia-Pacific Partnership on Clean Development and Climate. Retrieved from https://www.asiapacificpartnership.org/
Condon, A. (2016). The odd couple: Uniting climate change mitigation and sustainable development under the clean development mechanism. Law and Development Review, 9(1), 153–176.
Curnow, P. (2001). Supplementarity and the flexibility mechanisms under the Kyoto protocol: How flexible is “Flexible”, notes and commentaries. Asia Pacific Journal of Environmental Law, 6(2), 165–182.
Ekardt, F. (2012). The clean development mechanism as a governance problem. Emerging carbon markets in the developing world: Trends and perspectives. Carbon & Climate Law Review, 2012(4), 396–407.
EU ETS. Retrieved from https://ec.europa.eu/enviorment/climat/emission/indexen.htm
Glossary of CDM terms. Retrieved from https://cdm.unfccc.int/filestorage/e/x/t/extfile-20200812172710158-Glossary_CDM.pdf/Glossary_CDM.pdf?t=Q2V8cWpmZ3AzfDBBv9PotwQVKSLB4pfAyYve
Jiang, X. (2013). Legal issues for implementing the CDM in China. Berlin/Heidelberg: Springer. https://doi.org/10.1007/978-3-642-24,737-8.
Oberthür, S., & Ott, H. E. (1999). The clean development mechanism (Article 12). In The Kyoto protocol. Berlin/Heidelberg: Springer. https://doi.org/10.1007/978-3-662-03925-0_14.
Penca, J. (2016). Transnational legal transplants and legitimacy: The example of clean and green development mechanisms. Legal Studies, 36(4), 706–724.
UN environment programme. Retrieved from https://www.unep.org/
UNFCCC-Documents and decisions of the CDM. Retrieved from https://unfccc.int/documents?search2=&search3=CDM
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Liu, D. (2021). Clean Development Mechanism (CDM). In: Romaniuk, S., Thapa, M., Marton, P. (eds) The Palgrave Encyclopedia of Global Security Studies. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-74336-3_387-1
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DOI: https://doi.org/10.1007/978-3-319-74336-3_387-1
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