"The Clean Development Mechanism (CDM) is an offset mechanism designed to reduce the overall cost of implementing a given global target for greenhouse gas (GHG) emissions in industrialized "Annex B" countries of the Kyoto Protocol. This paper discusses various ways in which CDM projects do not...

Climate change is a serious environmental challenge that could undermine the drive for sustainable development. Since the industrial revolution, the mean surface temperature of earth has increased an average of 1degree celsius per century due to the accumulation of greenhouse gases in the...

Climate change is a serious environmental challenge that could undermine the drive for sustainable development. Since the industrial revolution, the mean surface temperature of earth has increased an average of 1degree celsius per century due to the accumulation of greenhouse gases in the...

Thirty years ago, half the developing world lived in extreme poverty today, a quarter. Now, a much smaller share of children are malnourished and at risk of early death. And access to modern infrastructure is much more widespread. Critical to the progress: rapid economic growth driven by...

Carbon markets under the Paris Agreement are expected to differ substantially from those that emerged under the Kyoto Protocol. Unlike the top-down approach of markets created by the Kyoto Protocol, such as the Clean Development Mechanism (CDM), international carbon markets under Article 6 of...