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By: Soren Ender Lutken and Axel Michaelowa
This book assesses the organizational structure of projects under the Clean Development Mechanism (CDM) of the Kyoto Protocol, reaching fundamental conclusions that will be invaluable for climate policy analysts and policymakers. This study will also appeal to NGOs and company representatives involved in developing CDM acquisition strategies. Academics and researchers in the fields of environmental management, corporate social responsibility and climate change will find much in this book to promote further discussion.
This book assesses the organizational structure of projects under the Clean Development Mechanism (CDM) of the Kyoto Protocol. It explains why, instead of the expected bilateral structure where a company from an industrialized country invests in a project in a developing country and receives the emission reduction credits in return, a unilateral structure prevails whereby a company from a developing country finances the emission reduction project itself and sells the emission reduction credits. The book arrives at three fundamental, interconnected, conclusions: CDM is logically a unilaterally driven investment activity; CDM investment is an irrelevant compliance instrument for companies from industrialised countries and the structure of the compromise is flawed and unequal.
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