The Clean Development Mechanism in the post-2012 Climate Change Regime

The Clean Development Mechanism (CDM) has been one of the success stories of the Kyoto Protocol to date. However, continued success is not guaranteed. CER issuance of several project types is much lower than expectations. Increasingly, CDM projects are rejected or require corrections. Media begin to discuss scandals in terms of lacking additionality of and low contributions to sustainable development by CDM projects. Share prices of CDM project developers have fallen substantially and their debt-revenue ratios look speculative. Moreover, Russian and Ukrainian "hot air” could become a serious competitor for CERs if the institutional conditions of those countries are improved. In this conflicting situation, the CDM or a successor mechanism plays an important role in the post-2012 climate policy negotiations.
This project investigated the role of the CDM – be it in its present project-based or in enhanced forms – in implementing the Bali Road Map’s twin objectives.

Discussion Papers/Working Papers:
Implementing the Bali Action Plan: What Role for the CDM?
Authors: Benito Müller and Prodipto Ghosh

Additionality in the Clean Development Mechanism: Why and what?
Author: Benito Müller

Reports

The Clean Development Mechanism in the post-2012 Climate Change Regime
02 Nov 2009. Author: Executive Summary

The Clean Development Mechanism in the post-2012 Climate Change Regime - Final Report
01 Jun 2009. Author: Axel Michaelowa and Benito Müller; Summary for Policy makers

The Clean Development Mechanism in the post-2012 Climate Change Regime
30 May 2009. Author: Axel Michaelowa and Benito Müller

Subsidies for CDM: past experiences with capacity building - Working Paper
31 Mar 2009. Author: Yuri Okubo, Axel Michaelowa

Would preferential access to the EU ETS be sufficient to overcome current barriers to CDM projects in LDCs? - Working Paper
31 Mar 2009. Author: Paula Castro and Axel Michaelowa

Discounting of CERs to avoid CER Import Caps - Working Paper
31 Mar 2009. Author: Axel Michaelowa

The impact of CER discounting on the competitiveness of different CDM host countries - Working Paper
30 Mar 2009. Author: Paula Castro and Axel Michaelowa

Empirical analysis of performance of CDM projects - Final Report
30 Jun 2008. Author: Paula Castro and Axel Michaelowa

Emperical analysis of performance of CDM projects from registration to CER issuance - Final Report
03 Mar 2008. Author: Sebastian Mayr, Axel Michealowa

Empirical analysis of performance of CDM projects: case study of Brazil - Final Report
01 Feb 2008. Author: Lars Frilberg, Paula Castro

Empirical analysis of performance of CDM projects: case study China - Final Report
01 Feb 2008. Author: Paula Castro

Empirical analysis of performance of CDM projects: case study India - Final Report
01 Feb 2008. Author: Paula Castro, Gudrun Benecke

Empirical analysis of performance of CDM projects: rejections and withdrawals - Final Report
11 Dec 2007. Author: Paula Castro

Additionality determination of Indian CDM projects - Final Report
01 Feb 2007. Author: Axel Michaelowa, Pallav Purohit