Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation?
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Under the Kyoto Protocol, developed
countries can only tap mitigation opportunities in
developing countries by investing in projects under the
Clean Development Mechanism. Yet Clean Development Mechanism
investments have so far failed to reach many of the
high-potential sectors identified by the Intergovernmental
Panel on Climate Change. This raises doubts about whether
the Clean Development Mechanism can generate an adequate
supply of credits from the limited areas where it has proved
successful. This paper examines the current trajectory of
mitigation projects entering the Clean Development Mechanism
pipeline and projects it forward under the assumption that
the diffusion of the Clean Development Mechanism will follow
a path similar to other innovations. Projections are then
compared with pre-Clean Development Mechanism predictions of
the mechanism s potential market size to discern whether
limits on the types of projects entering the pipeline have
limited the expected supply of certified emission
reductions. Parameter tests suggest that this is not the
case and that currently identified Clean Development
Mechanism investments will generate offsets in excess of
early model predictions. In particular, under favorable
circumstances, the mechanism is on track to deliver an
average annual flow of roughly 700 million certified
emission reductions by the close of 2012 and nearly to 1,100
million certified emission reductions by 2020.
Palabras clave
ABATEMENT, ABATEMENT COST, AFFORESTATION, AIR, APPROACH, ATMOSPHERE, BIOMASS, BIOMASS ENERGY, CAPS, CARBON DIOXIDE, CARBON DIOXIDE EQUIVALENT, CARBON MARKETS, CARBON PRICES, CEMENT, CEMENT PRODUCTION, CERTIFIED EMISSION REDUCTION, CERTIFIED EMISSION REDUCTIONS, CLEAN DEVELOPMENT, CLEAN DEVELOPMENT MECHANISM, CLIMATE, CLIMATE CHANGE, CO2, COAL, DIFFUSION, ECONOMIC GROWTH, ECONOMIC MODELS, ELECTRIC POWER, ELECTRIC POWER GENERATION, ELECTRICITY, EMISSION, EMISSION LEVELS, EMISSION REDUCTION, EMISSION REDUCTION TARGETS, EMISSION REDUCTION UNITS, EMISSION-REDUCTION, EMISSIONS REDUCTIONS, ENERGY SUPPLY, ENVIRONMENTAL BENEFITS, ENVIRONMENTAL INTEGRITY, FORESTRY, FORESTS, FOSSIL, FOSSIL FUEL, FOSSIL FUEL SWITCH, GHG, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GAS EMISSIONS, GREENHOUSE GASES, HFCS, HOT AIR, HYDROFLUOROCARBONS, INNOVATIONS, INVESTMENT STRATEGIES, IPCC, IRON, LANDFILL, LANDFILL GAS, LEARNING, LOW-CARBON, MEDIA, METHANE, N2O, OFFSET PROJECTS, PFCS, PIPELINE, PIPELINE PROJECTS, POLICY IMPLICATIONS, POLICY MAKERS, POWER GENERATION, PROGRAMS, SCENARIOS, SF6, SUPPLY SIDE, TECHNOLOGY TRANSFER, TONS OF CARBON, TOTAL EMISSION REDUCTIONS, UNCERTAINTIES, UNEP, VERIFICATION PROCESS, WIND