Governing Clean Development: What Have We Learnt?
|Title||Governing Clean Development: What Have We Learnt?|
|Publication Type||Other Briefing Notes|
|Year of Publication||2011|
|Authors||Newell, P, Phillips, J|
|Secondary Title||Governance of Clean Development Project Briefing 03|
|Publisher||University of East Anglia, University of Sussex|
|Keywords||CDM, Clean Energy, Development, governance|
Research by the Governance of Clean Development Project suggests that current reform agendas will do little to rectify problems with the Clean Development Mechanism (CDM) unless important aspects of the politics and governance of clean development are addressed. This briefing outlines the need to change the political relationships that determine who benefits from the CDM, which go beyond reducing market transaction costs or overhauling the formal institutions of CDM governance. Policies are required that recognise these challenges and create opportunities to drive significant changes in how governance works for both climate and development.