Abstract
The inclusion of the CDM into the Kyoto Protocol came as a surprise which emanated out of a difficult and drawn out negotiation process, culminating in this compromise mechanism to further sustainable development goals of developing countries, facilitate technology transfers, and cost-effectively address the challenges of global climate change. Whereas there were no concrete proposals or written papers about the CDM prior to Kyoto, the mechanism draws upon and establishes a middle ground compromise between, on the one hand, the proposals for International Emissions Trading and Joint Implementation, advocated by most Annex I countries plus Costa Rica, and, on the other hand, the non-compliance penalty/compensation mechanism, forwarded by the developing countries through the ‘Clean Development Fund’ and the G-77/China proposal.
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References
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© 1999 Springer Science+Business Media Dordrecht
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Aslam, M.A. (1999). The Clean Development Mechanism. In: Jepma, C.J., van der Gaast, W. (eds) On the Compatibility of Flexible Instruments. Environment & Policy, vol 19. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4687-6_3
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DOI: https://doi.org/10.1007/978-94-011-4687-6_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5973-2
Online ISBN: 978-94-011-4687-6
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