The Kyoto mechanisms: How to reconcile CDM and Ji in a new international agreement

Kahil attended the 2012 UNFCCC COP18 in Doha where he represented Griffith University. He is currently studying a Bachelor of Law and Arts and he recently completed a course on environmental law at Maastricht University in The Netherlands.

Abstract

The future roles for the Clean Development Mechanism (‘CDM’) and Joint Implementation (‘JI’) within the second Kyoto commitment period, and a future international agreement, is considered. The CDM has played a vital role in delivering climate-related finance and technology transfer to developing nations, incorporating the developing world into the solution for this global issue. However, there are fundamental issues with the mechanism that must be addressed; concepts such as sustainability, additionality and governance need to be reformed and improved. Moreover, the CDM operates as an offsetting mechanism that, without a global emission cap binding on all parties, allows for actual greenhouse gas emission increases. JI offers a solution as to how the CDM’s benefits can be continued under an agreement where parties assume binding caps; it has been significantly undervalued. A future international climate agreement should maintain and extend JI to incorporate the concerns levelled against the CDM, and thereby continue the positive benefits that the CDM has delivered.

Read More