Clean Development Mechanisms
Clean Development Mechanisms
Mechanisms
By Haleef Griffith ID-92724
& Jordan Charles ID -100601
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What are Clean Development Mechanism?
The Kyoto Protocol, established as an international treaty, focuses on
curbing global greenhouse gas (GHG) emissions primarily from
industrialized nations (Tardi, 2024).).
PROS CONS
•Unequal Distribution of Projects
•Emission Reduction Projects
•Certification of Emission •Verification and Monitoring Challenges
•Reductions Development Benefits •Short-Term Focus:
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Continued…
• Project Security, investment, or intervention delivers benefits
that would not have occurred without it. It is commonly used in
environmental, financial, and development contexts, particularly in
carbon offset programs, public funding, and international
aid(Umweltwissenschaften, 2018).
• Additionalities; means that the emissions reductions from a
project are "additional" to what would have happened under normal
circumstances, meaning the project leads to lower emissions than
would have occurred otherwise(Umweltwissenschaften, 2018).
• In finance or development aid, additionalities can refer to the extra
economic or social benefits generated by an investment or aid
package that wouldn't have been achieved without the external
support(Umweltwissenschaften, 2018). 5
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Company A sells the carbon credits to Company B who has
produced Is it a month of emissions the credits sold I'll
subtracted from there overall emissions report do you to
the principle of the atmosphere being a global resource so
therefore whatever is taken out by Company A can
automatic transfer and cancel out the appropriate amount
of emissions from Company B.
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Clean Development Mechanisms have proven To be a very
profitable mitigation process that has a created markets and
public stakeholders involvement. Has also been attributed to
economic growth for participating developing States by way of job
creations ,entrepreneurial Outlets, infrastructure modification and
building and public sector engagement which can vary from state
to state due to their pre-existing proposal. However, much like a
lot of different things to do with business and the nature of
interactions in general they are Externalities with positive and
negative repercussions derived from Clean development
mechanisms(Lo & Cong, 2022).
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What are the challenges involving Clean Development
Mechanisms
• Expected Benefits:
• Annual reduction of 20,000 tons of CO2 equivalent emissions.
• Improved waste management and community sanitation. 14
• The Lambert Wind Farm Project
• In Barbados, Clean Development Mechanism project focuses
on installing wind turbines to generate renewable electricity,
reducing reliance on imported fossil fuels and diversifying the
energy mix. The project started with wind resource
assessments to optimize energy yield and involves procuring
and installing suitable turbines, along with required
infrastructure. The integration with the local grid supports
the island's energy supply, enhancing sustainability and
resilience.(Adamson, n.d.).
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• Activities(Barbados Government, 2024):
• Wind Resource Assessment
• Conduct detailed wind assessments.
• Analyse energy yield potential.
• Wind Turbine Installation
• Procure and install suitable wind turbines.
• Construct necessary infrastructure.
• Grid Integration
• Connect turbines to the local electricity grid.
• Ensure grid stability with renewable energy.
• Community Engagement
• Consult with stakeholders and communities.
• Raise awareness about renewable benefits.
• Expected Benefits:
• Annual reduction of 30,000 tons of CO2 equivalent emissions.
• Diversification of Barbados' energy mix.
• Job creation in renewable energy sector.
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Our Take on Clean Development Mechanisms
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REFERENCES
• Barbados Government. (2024, June 27). Barbados Onshore Wind Project – Energy.gov.bb. Energy.gov.bb.
https://energy.gov.bb/barbados-onshore-wind-project/
• Fankhauser, S. (2024, August 19). The Clean Development Mechanism: too flexible to produce sustainable development
benefits? - Grantham Research Institute on climate change and the environment. Grantham Research Institute on Climate
https://www.lse.ac.uk/granthaminstitute/publication/the-clean-development-mechanism-too-flexible-to-produce-sustainable-dev
elopment-benefits
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https://www.sciencedirect.com/topics/earth-and-planetary-sciences/clean-development-mechanism#:~:text=The%20Clean%20
• Lo, A. Y., & Cong, R. (2022). Emission reduction targets and outcomes of the Clean Development
• Tardi, C. (2024, March 19). What Is The Kyoto Protocol? Definition, History, Timeline, and Status.
Investopedia. https://www.investopedia.com/terms/k/kyoto.asp#:~:
text=The%20Kyoto%20Protocol%20was%20an%20international%20agreement%20that%20called%20for
• Umweltwissenschaften. (2018, May 3). Prof. Peter Newell: The Clean Development Mechanism - The theory,
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• UNFCC. (2024, September 15). CDM: CDM Benefits. Cdm.unfccc.int. https://
cdm.unfccc.int/about/dev_ben/index.html
• United Nations Climate Change. (2020). The Clean Development Mechanism. Unfccc.int.
https://unfccc.int/process-and-meetings/the-kyoto-protocol/mechanisms-under-the-kyoto-pr
otocol/the-clean-development-mechanism#:~:
text=The%20Clean%20Development%20Mechanism%20(CDM
www.blpc.com.bb/index.php/company/our-projects/the-lambert-s-wind-project