Development challenges under the Clean Development Mechanism (CDM)--Can renewable energy initiatives be put in place before peak oil?
The "Sustainable Development" aspect of the Clean Development Mechanism (CDM) under the Kyoto Protocol is examined, with regard to its current impact on crucial developmental issues. The paper discusses the immediate and urgent global concerns of developmental needs, energy and climate change, whilst highlighting their influence on the poor in the developing world. The global responses to address the above concerns in terms of renewable energy technologies, policies and strategies that can be instrumental in addressing the issues are discussed, with main emphasis on the CDM under the Kyoto Protocol. The critical issue of whether the CDM can address poverty alleviation and sustainable development in developing countries is discussed in the context of existing market principles, transparency of the mechanism, economics and the daunting bureaucratic procedures involved. The paper concludes that the CDM, if suitably modified, can go some way to address sustainable development and alleviate poverty for poor rural areas and not increase emissions by a focus on renewable energy technologies. This result can be achieved as the energy consumption of rural sectors is currently so small relative to developed economies that only small additional renewable energy generation capacities are needed to make a measurable difference.
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- Lloyd, Bob, 2007. "The Commons revisited: The tragedy continues," Energy Policy, Elsevier, vol. 35(11), pages 5806-5818, November.
- Wolfgang Sterk & Bettina Wittneben, 2006. "Enhancing the clean development mechanism through sectoral approaches: definitions, applications and ways forward," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(3), pages 271-287, September.
- M D Shamsuddoha & Rezaul Karim Chowdhury, 2008. "The Political Economy of UNFCCC's Bali Climate Conference: A roadmap to climate commercialization," Development, Palgrave Macmillan;Society for International Deveopment, vol. 51(3), pages 397-402, September.
- Dorian, James P. & Franssen, Herman T. & Simbeck, Dale R., 2006. "Global challenges in energy," Energy Policy, Elsevier, vol. 34(15), pages 1984-1991, October.
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