The challenges of how to respond to climate change and ensure sustainable development are currently high on the political agenda among the world’s leading nations. The Clean Development Mechanism (CDM) is part of the global carbon market developing rapidly as part of the Kyoto response towards mitigation of global warming. One of the aims of the CDM is to achieve sustainable development in deve...

As the 2012 end of the first commitment period of the Kyoto Protocol is fast approaching, there is a strong realisation that the Clean Development Mechanism (CDM) projects have no doubt been playing an important role globally, particularly in promoting clean development in China. Consequently, the prospects for the CDM market in the post-Kyoto era are attracting a lot of attention, including fr...

This paper gives a case of large Sub-Station Clean Development Mechanism (CDM) Project to analyze CDM project’s influence on India’s Sustainable Development. SF6 gas is being extensively used in circuit breakers. SF6 gas has the highest Global warming potential which is 23900 times of Carbon Dioxide. Extensive Survey of SubStation using SF6 circuit breaker has been done in a sample state of Ind...

Since global warming due to greenhouse gas emissions is no respecter of geographical boundaries of countries, concerted mitigation activities such as Clean Development Mechanism (CDM), are suitable. In this mechanism, some developed countries can gain certified emission reduction credits from emission reduction actions undertaken in developing countries. Thus, the data of greenhouse gas emissio...

India is the world’s second-largest host of projects implemented under the Kyoto Protocol’s Clean Development Mechanism (CDM). There is, however, considerable variation in the distribution of CDM projects implemented across different Indian states. While a large body of literature examines cross-national variation in the implementation of CDM projects, few studies have analyzed the determinants...

The Clean Development Mechanism (CDM) allows industrialized countries to comply with the Kyoto Protocol by using carbon offsets from developing countries. There are two puzzles within this carbon market: additionality (the proposed activity would not have occurred in its absence) and co-benefits (the project has other environmental benefits besides climate mitigation). This paper proposes an ec...

It has been argued in light of concessions made at Bonn and Marrakech, the market for Clean Development Mechanism (CDM) projects will be small compared to greenhouse gas (GHG) emissions in developing countries and that it will be characterised by low demand and low prices. This paper examines these arguments in the context of India and the likely nature and extent of India’s involvement in CDM ...

As the famous Rolling Stone’s song goes: “You can’t always get what you want, but if you try sometimes, well you might find, you get what you need”. What we want, and what we need are sometimes quite different things. In some ways, this may epitomize the United Nations’ Clean Development Mechanism (CDM), a market based mechanism that creates a way for developed countries and companies to offset...

There is a growing assumption that payments for environmental services including carbon sequestration and greenhouse gas emission reduction provide an opportunity for poverty reduction and the enhancement of sustainable development within integrated natural resource management approaches. Yet in experiential terms, community-based natural resource management implementation falls short of expect...

Under the Kyoto Protocol, CDM (Clean Development Mechanism) projects are GHGfriendly projects hosted by developing countries that earn carbon credits to overcome …nancial and economic barriers. In this paper, we model the dynamics of investments in a unilateral, one revenue stream CDM project with the real options method, taking into account the irreversibility and ongoing uncertainty pertainin...