home > by publication type > must reads > Journal of Energy in Southern Africa: National Policies and the CDM
Email
| Author: | H Winkler |
|---|
June 4, 2008
Summary:
The CDM is a project-based mechanism to promote flexibility in mitigation climate change, by promoting investment in mitigation projects in developing countries. There has been concern about potential perverse incentives for developing countries like South Africa not to adopt progressive national policies, fearing that CDM projects implementing such policy would no longer be additional. The CDM rules on additionality require that emissions are reduced 'below those that would have occurred in the absence of the registered CDM project activity'. The paper shows that recent decisions by the CDM Executive Board make it clear that such perverse incentives will not be created. The paper suggests concrete interpretations of this guidance for two possible project types. Projects implementing national policies that promote zero- or low-carbon emission technologies (e.g. South Africa's renewable energy target) can still go through the CDM process. Where there are local regulations, as for landfill gas, projects would not be ruled out entirely, but would receive credit for the difference between actual methane capture and that needed to meet local safety, health and environmental standards. The author concludes that projects implementing progressive energy policies are still eligible for CDM investment.
To order Task Force reports, Council Special Reports, and Critical Policy Choices, please call, fax, or order online from our distributor, the Brookings Institution Press: phone +1.800.537.5487, fax +1.410.516.6998.
For information on other reports that are not for sale, or for general publications information, please call +1.212.434.9516 or email publications@cfr.org.
Start-Up Nation addresses the trillion-dollar question: How is it that Israel—a country of 7.1 million, only sixty years old, surrounded by enemies— produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada, and the UK? With the insights of geopolitical experts and investors, the authors examine this nation’s adversity-driven culture to answer this question and offer prescriptions for a global economy on the rebound.
In Forces of Fortune, Vali Nasr presents a paradigm-changing revelation that will transform the understanding of the Muslim world at large. He reveals that there is a vital but unseen rising force in the Islamic world—a new business-minded middle class—that is building a vibrant new Muslim world economy and that holds the key to winning the cold war against Iran and extremists.
In Cuba: What Everyone Needs to Know, Julia E. Sweig presents a remarkably accessible portrait of Cuba's unique place on the world stage over the past fifty years, including its internal politics, its often fraught relationship with the United States, and its shifting relationship with the global community.
Complete list of CFR Books
Copyright 2009 by the Council on Foreign Relations. All Rights Reserved.