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What the CDM Is and How It Operates: The CDM in an International Context

  • Xiaoyi Jiang
Chapter

Abstract

This chapter provides a comprehensive introduction to the CDM in an international legal context. It is divided into five sections and many soft law documents concerning climate change are examined. Section 2 focuses on explaining what the CDM is. First, the background to the CDM is introduced in order to provide an overview of the circumstances leading to the inclusion of the CDM as one of the three financial mechanisms under the Kyoto Protocol. Based on the above introduction, the definition and purpose of the CDM are introduced and the rationale for the CDM is analyzed. Section 3 illustrates how the CDM operates in a global context. CDM’s international operational rules and procedures and classifications are elaborated in this section. Section 4 critically assesses the success of the CDM in a global context. The achievements as well as pitfalls of the CDM are explored. Based on the above, the key factors influencing the success of the CDM are identified.

Keywords

Emission Reduction Clean Development Mechanism Kyoto Protocol Marginal Abatement Cost Carbon Credit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • Xiaoyi Jiang
    • 1
  1. 1.China Institute of Boundary and Ocean StudiesWuhan UniversityWuhanPeople’s Republic of China

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