Authors: Osensang Pongen*, Department of Geosciences, University of South Florida , Kamal Alsharif, Department of Geosciences, University of South Florida
Topics: Development, Environment, Global Change
Keywords: clean development mechanism, climate finance, carbon market, stakeholder participation, environmental integrity, kyoto protocol, climate policy, global environmental governance.
Session Type: Paper
Start / End Time: 8:00 AM / 9:40 AM
Room: Muses, Sheraton, 8th Floor
Presentation File: No File Uploaded
In light of various imbalances within the Clean Development Mechanism’s (CDM) administrative structure and systemic operationalization, the following appraisal explicates the lacunae and caveats derivative of such imbalances by analyzing secondary data, theoretical contexts and literature on the subject. The primary issues evaluated include the imbalances in regional distribution of CDM activity among non-Annex I States as well as among Annex I countries, contradicting economic and geo-political priorities against the ethos of the CDM, implicit tacit dynamics undermining the impact on global climate change finance and carbon markets, operational limitations involving additionality of emissions savings, crediting & certification modalities, and ensuing imbalances of the CDM’s structural approaches. These imbalances demonstrate the need to examine critically its impact on climate policy, climate finance, and global environmental governance vis-à-vis its environmental integrity and fiduciary responsibilities pursuant to the objectives of the United Nations Framework Convention on Climate Change. Further in view of these imbalances, applicable avenues for stakeholder participation and capacity building progress will also be elucidated, drawing light on developments undergoing or planning to be initiated under the Paris Climate Agreement framework.