Kurzbeschreibung

With a substantial project pipeline and more than 500 million Certified Emission Reductions issued to date, the Clean Development Mechanism (CDM) has rapidly become a central pillar of the international carbon market. While this success testifies to its appeal for investors and project developers, growing criticism has been directed against a number of perceived shortcomings, from disappointing environmental and development benefits to cumbersome approval procedures and flawed governance structures.

With an up-to-date foreword by Martin Hession, Chair of the CDM Executive Board, this important collection of essays brings together more than twenty experts with diverse professional and geographic backgrounds for a discussion of the CDM and its prospective role beyond 2012. Using conceptual analyses and a series of evidence-based case studies, the authors identify important challenges and opportunities on the path towards CDM reform.

Practitioners and academics alike will benefit from the rigorous analysis and timely conclusions outlined in this volume.