“Clean Development Mechanism”: A Kyoto Success Story

Amidst the larger failure of the Kyoto Protocol, Swedish green think tank FORES (why don’t we have such a thing in North America?) argues that

The establishment of the Clean Development Mechanism has
been one of the successes of the Kyoto Protocol. It has helped
to build experience, capacity and comfort with the use of
market mechanisms to reduce emissions. This will be useful when implementing future market mechanisms

They have released a white paper [pdf] looking into

the principles behind the flexible
mechanisms of the Kyoto Protocol with a focus on the CDM,
but also towards the future of flexible mechanisms. It
concludes that flexible mechanisms will continue to play a role
in a post-2012 climate change regime.

but

Finally, it is fundamental to remember that flexible
mechanisms themselves do not lower emissions. First there
needs to be a commitment either to reduce emissions or to
provide finance for reducing emissions.

Comments:

  1. I can't find the link right now but a few years ago I remember the BBC (I think) doing a report on how the Kyoto Clean Development Mechanism was broken. The gist of the BBC's reporting (as I remember it) was that the CDM encouraged people to say they were going to build a coal fired power plant even when they had no intention to build one. Then when the CDM cash flowed in they built the hydro-electric plant they were going to build all along. This achieved no real reductions in emissions.

    I have no idea if this was commonplace or just a rare example but it seems to me that these types of mechanisms are prone to abuse.

  2. Pingback: Another Week of GW News, November 18, 2012 – A Few Things Ill Considered

  3. CDM and coal

    http://en.wikipedia.org/wiki/Clean_Development_Mechanism#Coal_thermal_power_generation_in_India_and_China

    CDM and HFC-23
    "As of 1 September 2012, the CDM had issued 418,219 CERS, or 42% of all CERS issued, to twenty three HFC-23 destruction projects. A further 21% (or 213,866 CERs) had been issued to 108 N2O destruction projects"
    http://en.wikipedia.org/wiki/Clean_Development_Mechanism#Destruction_of_HFC-23


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