Figueres, ChristianaStreck, Charlotte2012-03-192012-03-192009-07-01https://hdl.handle.net/10986/4200Despite the many calls to reform the CDM, its conceptual underpinnings are strong and it will most likely survive in the post-2012 climate regime. Some modifications may be considered in the short term to strengthen the effectiveness and transparency of the mechanism without modifying the Marrakesh Accords. In the medium term substantially increased mitigation efforts in developing countries may require a combination of three possible financial mechanisms: the current activity-based CDM albeit improved, a second market mechanism that would seek to improve the long term emission trends of developing countries by promoting broad based emission reduction programs primarily in the private sector, and a third financial mechanism outside of the market which would be an incentive for the adoption of policy changes leading to a low carbon path, but where emission reductions would not be used as international offsets.CC BY 3.0 IGOABATEMENTABATEMENT POTENTIALADMINISTRATIVE PROCEDURESALUMINUMALUMINUM PRODUCERSANNUAL EMISSIONSASSESSMENT PROCESSBASELINE EMISSIONBASELINE EMISSIONSCALCULATIONCARBONCARBON CREDITCARBON CREDITINGCARBON CREDITSCARBON DIOXIDECARBON EMISSIONSCARBON FINANCECARBON INTENSITYCARBON MARKETSCARBON PRICECERTIFIED EMISSIONS REDUCTIONSCERTIFIED PROJECT ACTIVITYCH4CHEMICALSCLEAN AIRCLEAN DEVELOPMENTCLEAN DEVELOPMENT MECHANISMCLEAN ENERGYCLIMATECLIMATE CHANGECLIMATE CHANGE MITIGATIONCLIMATE CHANGE MITIGATION POLICIESCLIMATE CHANGE POLICIESCLIMATE PROTECTIONCOCO2COALCOAL MININGCOMPLIANCE COSTSCONSUMPTION PATTERNSCOST ABATEMENT OPPORTUNITIESCOSTS OF COMPLIANCECUMULATIVE EMISSIONSDECISION MAKINGDEFORESTATIONDEVELOPED COUNTRIESDOMESTIC EMISSIONSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMICSELECTRICITYELECTRICITY SECTOREMISSIONEMISSION FACTOREMISSION INTENSITYEMISSION LEVELSEMISSION LIMITATIONEMISSION PATHSEMISSION REDUCINGEMISSION REDUCTIONEMISSION REDUCTION COMMITMENTSEMISSION REDUCTION MARKETEMISSION REDUCTION PROGRAMSEMISSION REDUCTION UNITSEMISSION REDUCTIONSEMISSION RIGHTSEMISSION TARGETSEMISSION TRADINGEMISSION TRAJECTORIESEMISSIONSEMISSIONS ABATEMENTEMISSIONS BASELINEEMISSIONS REGULATIONSEMPIRICAL EVIDENCEENERGY CONSUMPTIONENERGY DEMANDENERGY EFFICIENCYENERGY INTENSITYENERGY INTENSIVEENERGY PRODUCTIONENVIRONMENTALENVIRONMENTAL DAMAGEENVIRONMENTAL INTEGRITYFINANCIAL RESOURCESFOREST MANAGEMENTFORESTRYFOSSIL FUELFRAMEWORK CONVENTION ON CLIMATE CHANGEFUEL SWITCHFUEL TYPEGLOBAL CARBON EMISSIONSGLOBAL CARBON MARKETGLOBAL CLIMATE CHANGEGLOBAL EMISSIONGLOBAL EMISSION REDUCTIONSGLOBAL EMISSIONSGLOBAL ENVIRONMENTGLOBAL ENVIRONMENT FACILITYGLOBAL ENVIRONMENTAL FACILITYGLOBAL WARMINGGLOBAL WARMING POTENTIALGREENHOUSEGREENHOUSE GASGREENHOUSE GAS EMISSIONSGWPHFC23HFCSHYDROFLUOROCARBONSINCOMEINDUSTRIAL ENERGYINDUSTRIAL GASINDUSTRIAL GASESINDUSTRIAL GASSESINFLATIONIPCCIRONJOINT IMPLEMENTATIONLANDFILLLANDFILL GASLANDFILLSLEGISLATIONLEVEL OF EMISSIONSMARKET MECHANISMMEMBER STATESMETHANEMETHANE CAPTUREMINESMITIGATION ACTIONSMITIGATION POTENTIALMONTREALMONTREAL PROTOCOLN2ONITROUS OXIDEOILPERFLUOROCARBONPFCPFCSPOLICY DECISIONSPOWER PLANTPOWER PLANTSPRODUCERSPROPERTY RIGHTSRECYCLINGREDUCING EMISSIONSREDUCTION OF EMISSIONSREGIONAL EMISSIONSRENEWABLE ENERGYRIVERSSF6SILVERSTABILIZATIONSULPHURSUSTAINABLE DEVELOPMENTSUSTAINABLE ENERGYTRADABLE CARBONTRADABLE EMISSIONTRANSFER OF EMISSION REDUCTIONSUNEPVALIDATION STAGEVOLUNTARY BASISVOLUNTARY COMMITMENTSWASTEWorld Bank10.1596/1813-9450-5008