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Development Aid and the CDM - How to Interpret "Financial Additionality" AgEcon
Dutschke, Michael; Michaelowa, Axel.
International climate negotiations have specified that projects under the Clean Development Mechanism (CDM) should not lead to a "diversion" of official development assistance (ODA). It is however unchallenged that ODA can be used in capacity building for the CDM. Diversion can be interpreted in financial, sectoral and regional terms. There are possibilities to use ODA benchmarks to define diversion such as the UN 0.7% target but they are unlikely to be politically acceptable. On the project level, three main options exist but none of them is perfect. The value of emissions credits (CERs) could be deducted from ODA. This however leads to a long-term pressure on the ODA level. Differentiating an ODA-financed baseline project and a "piggyback" CDM option is...
Tipo: Working or Discussion Paper Palavras-chave: International climate policy; CDM; Development assistance; Environmental Economics and Policy; Q25; O13.
Ano: 2003 URL: http://purl.umn.edu/26243
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Developing Country Participation: The Kyoto-Marrakech Politics AgEcon
Sari, Agus.
The US has repeatedly criticized the lack of "meaningful participation" of developing countries in the Kyoto Protocol. I discuss the course of negotiations on developing country participation between the conferences at Kyoto in 1997 and Marrakech in 2001. The reluctance of developing countries to enter into discussions on quantitative emissions targets can be explained by the principle of "common, but differentiated responsibilities" enshrined in the UN Framework Convention on Climate Change and the fact that both per capita cumulative emissions and per capita income are still much lower in developing countries than in the industrialized world. Moreover, the Clean Development Mechanism that generates emissions credits for projects in developing countries...
Tipo: Working or Discussion Paper Palavras-chave: International climate policy; Kyoto Protocol; Developing countries; Environmental Economics and Policy; Q540; Q560.
Ano: 2005 URL: http://purl.umn.edu/26302
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