Saturday, January 19, 2013

Publications: CDM Benefits Report 2012 by Dr. Adam Bumpus (Jan 2013)

CDM Benefits Report 2012

In November, the secretariat released new research showing that the CDM has spurred billions of dollars of investment in projects that curb greenhouse gases and contribute to sustainable development. The following article was written on the report by Dr. Adam Bumpus, a specialist in international development and carbon markets who lectures at the University of Melbourne on sustainable development and the environment. 

Article excerpt: 
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’ CDM, a market based mechanism that creates a way for developed countries and companies to offset their emissions by investing in developing country projects that reduce emissions. The mechanism has certainly had its ups and downs in the decade it has been running. Many have wanted more than the mechanism has or could deliver, or expected less than it has actually achieved. Recent analysis by the UNFCCC shows, however, that the CDM has provided what is really needed and has likely delivered more than it was initially designed to do in some areas...

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