CDM Reform : Improving the Efficiency and Outreach of the Clean Development Mechanism through Standardization
The scope of the present study focuses on the assessment of opportunities to improve the effectiveness of the clean development mechanism (CDM) through the enhanced use of standardization. The study argues that the introduction of the concept of st...
| Main Authors: | , , , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/234641468340789239/CDM-reform-improving-the-efficiency-and-outreach-of-the-clean-development-mechanism-through-standardization http://hdl.handle.net/10986/27104 |
| Summary: | The scope of the present study focuses
on the assessment of opportunities to improve the
effectiveness of the clean development mechanism (CDM)
through the enhanced use of standardization. The study
argues that the introduction of the concept of standardized
baselines to the CDM can substantially change the way the
CDM develops. The goal of the present study is to discuss
what the options are for driving the idea of standardization
further. The working hypothesis is that baseline
standardization alone may not be sufficient in that regard
but can be seen as a starting point for improving the CDM
through the enhanced use of standardization at other levels
of CDM procedures. The study examines how standardization
can be used to simplify CDM procedures throughout the
project cycle and to extend the scope of the CDM in a way
that improves access of underrepresented sectors and
regions. The paper is divided into three chapters. The first
chapter sets the scene by analyzing in detail procedural
imperfections of the CDM that can be addressed through
extending standardization to project cycle procedures. The
second chapter discusses new opportunities that
standardization could provide to the CDM reform. The third
chapter of the study analyzes if and how standardization can
enable policy-driven actions to generate carbon credits
under the CDM. The chapter also assesses the ways
standardization can help overcome the remaining barriers to
better incorporate the CDM in host countries low carbon
development policies, and to inform the development of new
market mechanisms. |
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