Can the Clean Development Mechanism (CDM) deliver?
The paper investigates whether the Clean Development Mechanism (CDM) under the Kyoto Protocol has played a significant role in the development of rural communities, specifically investigating uptake of small-scale renewable energy projects. The investigation involved an assessment of 500 registered small-scale CDM projects under the Kyoto Protocol in terms of their potential impact on the envisaged sustainable development goals for rural communities. Five case studies from the Indian subcontinent were also examined. The paper concludes that the CDM in its current state and design has typically failed to deliver the promised benefits with regard to development objectives in rural areas. Successful projects were found to have had good community involvement and such projects were typically managed by cooperative ventures rather than money making corporations. The paper puts forward a new framework for the assessment of such benefits in the hope that future projects can be better assessed in this regard. The key problem, however, remains on how to deal with the inherent contradiction between development and sustainability.
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- Fausto Cavallaro & University of Molise, 2005. "An Integrated Multi-Criteria System to Assess Sustainable Energy Options: An Application of the Promethee Method," Working Papers 2005.22, Fondazione Eni Enrico Mattei.
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- Lloyd, Bob & Subbarao, Srikanth, 2009. "Development challenges under the Clean Development Mechanism (CDM)--Can renewable energy initiatives be put in place before peak oil?," Energy Policy, Elsevier, vol. 37(1), pages 237-245, January.
- Matthew Mendis & Keith Openshaw, 2004. "THE Clean Development Mechanism: Making it Operational," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 6(1), pages 183-211, March.
- Karan Capoor & Philippe Ambrosi, "undated". "State and Trends of the Carbon Market 2008," World Bank Other Operational Studies 13405, The World Bank.
- Rob Swart & John Robinson & Stewart Cohen, 2003. "Climate change and sustainable development: expanding the options," Climate Policy, Taylor & Francis Journals, vol. 3(sup1), pages 19-40, November.
- del Río, Pablo & Burguillo, Mercedes, 2008. "Assessing the impact of renewable energy deployment on local sustainability: Towards a theoretical framework," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(5), pages 1325-1344, June.
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