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The Use of Carbon Credit Mechanisms to Finance Transportation Improvements in the Developing World

N Nelson,David Lee Nelson,Eline Bakker Kruijne-2012-01-01
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TL;DRAbstract

The United Nation’s Convention on Climate Change sets an overall framework for intergovernmental efforts to tackle the challenge posed by climate change. It recognizes that the climate system is a shared resource whose stability can be affected by industrial and other emissions of carbon dioxide and other greenhouse gases. The Convention’s Clean Development Mechanism (CDM) finances emission-reduction projects by allowing developing countries to earn saleable certified emission reduction credits that can be used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol. As a policy to promote global sustainability the program aims to stimulate sustainable development and emission reductions, while giving industrialized nations some flexibility in how they meet their emission reduction limitation targets. After 10 years of operation the program lists 4,372 active projects and claims 11 billion tonnes of current and future carbon emission redu

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The United Nation’s Convention on Climate Change sets an overall framework for intergovernmental efforts to tackle the challenge posed by climate change. It recognizes that the climate system is a shared resource whose stability can be affected by industrial and other emissions of carbon dioxide and other greenhouse gases. The Convention’s Clean Development Mechanism (CDM) finances emission-reduction projects by allowing developing countries to earn saleable certified emission reduction credits that can be used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol. As a policy to promote global sustainability the program aims to stimulate sustainable development and emission reductions, while giving industrialized nations some flexibility in how they meet their emission reduction limitation targets. After 10 years of operation the program lists 4,372 active projects and claims 11 billion tonnes of current and future carbon emission redu

Keywords

Clean Development MechanismGreenhouse gasKyoto ProtocolBusinessUnited Nations Framework Convention on Climate ChangeConference of the partiesCarbon offsetSustainability

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