Improving the Clean Development Mechanism Post-2012: A Developing Country Perspective

International audience In this article, we assess the future prospects of the Clean Development Mechanism (CDM) from the perspective of a developing country, drawing on Vietnam as a case study. First, we review the performance of the CDM and describe the evolution of carbon markets on the path towar...

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Bibliographic Details
Main Authors: Nguyen, Nhan Thanh, Ha-Duong, Minh, Greiner, Sandra, Mehling, Michael
Other Authors: centre international de recherche sur l'environnement et le développement (CIRED), Centre National de la Recherche Scientifique (CNRS)-École des Ponts ParisTech (ENPC)-École des hautes études en sciences sociales (EHESS)-AgroParisTech-Centre de Coopération Internationale en Recherche Agronomique pour le Développement (Cirad), Climate Focus, Climate Focus B.V., Ecologic Institute
Format: Article in Journal/Newspaper
Language:English
Published: HAL CCSD 2010
Subjects:
JEL: K - Law and Economics/K.K3 - Other Substantive Areas of Law/K.K3.K32 - Environmental
Health
and Safety Law
JEL: K - Law and Economics/K.K3 - Other Substantive Areas of Law/K.K3.K33 - International Law
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
Carbon and Climate Law Review
Online Access:https://hal.archives-ouvertes.fr/hal-00736028
https://hal.archives-ouvertes.fr/hal-00736028/document
https://hal.archives-ouvertes.fr/hal-00736028/file/Nguyen.ea-20100315-ImprovingTheCDMPost2010.pdf
Description
Summary:International audience In this article, we assess the future prospects of the Clean Development Mechanism (CDM) from the perspective of a developing country, drawing on Vietnam as a case study. First, we review the performance of the CDM and describe the evolution of carbon markets on the path towards a post-2012 climate regime. Next, we place Vietnam in a post-2012 context, and assess potential project resources, challenges, and opportunities that could arise for the country from a future climate policy framework. Our analysis suggests that the CDM should remain in place and be improved to facilitate more meaningful participation by developing countries in climate mitigation efforts beyond 2012. Finally, the article sets out eight proposals that could help improve the CDM as the world progresses towards a new international climate policy framework.

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