by Duncan Austin and Paul Faeth The Clean Development Mechanism (CDM) was created as part of the Kyoto Protocol in 1997 to lower the overall cost of reducing greenhouse gas emissions released to the atmosphere, while also supporting sustainable development initiatives within developing countries. While many assessments of the CDM have asked how much the mechanism can reduce greenhouse gas emissions, less attention has been given to the question of how far the CDM will advance sustainable development goals, even though the mechanism's success rests on meeting both objectives. In How Much Sustainable Development Can We Expect From the Clean Development Mechanism?, the World Resources Institute together with international collaborators, examines the degree to which CDM projects will be able to meet development priorities in Brazil, China and India, even as they act to reduce global greenhouse gas emissions. The evidence suggests that the CDM will be able to provide substantial sustainable development benefits that are consistent with domestic goals set by these countries. October 1999 / 16 pages |
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