The Odd Couple: Uniting Climate Change Mitigation and Sustainable Development under the Clean Development Mechanism
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Alexander Condon
Abstract
This article assesses the effectiveness of the Kyoto Protocol’s Clean Development Mechanism (CDM) in meeting its twin aims of emission reductions and sustainable development. To date, the CDM has failed to achieve these goals. This article argues that the CDM’s shortcomings are due to path dependence, with the CDM stuck at a suboptimal equilibrium of insufficient institutions, capital and leadership. A reform scheme involving foreign direct investment, foreign aid and CDM amendments is prescribed for pushing the CDM to a more efficient and prosperous path. A properly functioning CDM would afford both developed and developing countries the opportunity to secure a more sustainable economic and environmental future.
©2016 Law and Development Review
Articles in the same Issue
- Frontmatter
- Articles
- Access and Investment in the ICT Sector for Developing Countries
- Governing Mining Resources in the History of Colombia: Between Official Institutions and Resistance
- Overcoming the Development Deficit of Article XXIV: Promoting Equality through North-South RTAs
- Law and Innovation Policies: An Analysis of the Mismatch between Innovation Public Policies and Their Results in Brazil
- The Odd Couple: Uniting Climate Change Mitigation and Sustainable Development under the Clean Development Mechanism
- Foreign Aid, Law Reform, and the World Bank’s Doing Business Project
- An Examination of the Good Governance Legal Framework of Nigeria Extractive Industry Transparency Initiative (NEITI) Act 2007
Articles in the same Issue
- Frontmatter
- Articles
- Access and Investment in the ICT Sector for Developing Countries
- Governing Mining Resources in the History of Colombia: Between Official Institutions and Resistance
- Overcoming the Development Deficit of Article XXIV: Promoting Equality through North-South RTAs
- Law and Innovation Policies: An Analysis of the Mismatch between Innovation Public Policies and Their Results in Brazil
- The Odd Couple: Uniting Climate Change Mitigation and Sustainable Development under the Clean Development Mechanism
- Foreign Aid, Law Reform, and the World Bank’s Doing Business Project
- An Examination of the Good Governance Legal Framework of Nigeria Extractive Industry Transparency Initiative (NEITI) Act 2007
