Climate Action 2007-2008
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
No-lose targets<br />
<br />
<br />
<br />
<br />
<br />
<br />
Pledge and review targets<br />
<br />
<br />
<br />
<br />
<br />
MARKET MECHANISMS 116<br />
<br />
If targets are not workable,<br />
market mechanisms could<br />
provide incentives for<br />
developing countries to act<br />
on climate change.<br />
<br />
<br />
<br />
<br />
<br />
<br />
Compatibility of climate action and economic<br />
goals<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
WHY NOT MARKET MECHANISMS<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
The Clean Development Mechanism<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Originally designed<br />
as an Annex 1 compliance<br />
mechanism, the CDM can<br />
function as an incentive<br />
mechanism for emission<br />
reduction projects in<br />
developing countries.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
VISIT: WWW.CLIMATEACTIONPROGRAMME.ORG
Change language