01 Dec 2005

Improving the Clean Development Mechanism

Louise van Schaik / Christian Egenhofer / Deborah Cornland

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This report is based on a background study and seminar on the functioning of the Clean Development Mechanism (CDM) organised under the auspices of European Climate Platform (ECP), which is a joint initiative of Clipore and CEPS. It contains an analysis of the CDM from strategic and operational perspectives, and addresses the question of how the CDM could be improved in order to transform it from a limited instrument to a major tool to achieve long-term climate change objectives. The Executive Summary contains key messages and a number of concrete and operational policy recommendations for CDM reform, to improve its immediate functioning and to fully exploit its future potential.