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

• 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 de Coopération Internationale en Recherche Agronomique pour le Développement (Cirad)-École des hautes études en sciences sociales (EHESS)-AgroParisTech-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS), 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.science/hal-00736028; https://hal.science/hal-00736028/document; https://hal.science/hal-00736028/file/Nguyen.ea-20100315-ImprovingTheCDMPost2010.pdf

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.