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Industrialized countries strive to fulfil at least part of their obligation to reduce greenhouse gases by investing in projects in developing countries rather than at home. Developing countries have been rather critical of this idea. This book outlines the development of the international negotiations on the subject and analyses different design options for the Clean Development Mechanism (CDM), taking into account the interests of various groups, especially host countries. Two case studies - one on a renewable energy project in Indonesia and another on Costa Rican climate policy - show the problems that are likely to be encountered by CDM and illustrate the importance of active host country involvement. The authors discuss the problems that will be addressed by forthcoming negotiation rounds and propose practical solutions for the CDM including baseline-setting, institutional structure and credit sharing. Moreover, a long-term view on linking climate and development policy is taken to achieve an equitable allocation of emission rights.
Edited by Axel Michaelowa, Department of Political Science, University of Zurich, Switzerland and Perspectives Climate Research, Germany and Michael Dutschke, Managing Director, BioCarbon Consult, Germany
Contents: Preface 1. Flexible Instruments of Climate Policy 2. Flexible Instruments and Stakeholder Interests: A Public Choice Analysis 3. Making the Clean Development Mechanism Compatible with the Kyoto Protocol 4. CDM and its Implications for Developing Countries 5. Renewable Energy Supply Systems in Indonesia: A Case Study 6. Host Country-driven Implementation: The Case of Costa Rica 7. The Impact of Climate Cooperation on Renewable Energy Technologies 8. Outlook on Climate and Development Policies
'. . . the book is technical but engaging. It has the potential to help those scholars with little background in climate change policy deal with its complex politics. It is likely to be of interest to researchers in environmental sciences and climate change, and those policymakers and practitioners responsible for studying, designing and implementing AIJ and CDM projects.'