This article provides a first-cut estimate of the potential impacts of the clean development mechanism (CDM) on electricity generation and carbon emissions in the power sector of non-Annex 1 countries. We construct four illustrative CDM regimes that represent a range of approaches under...

Project-based emission reduction or 'offset' programs are being implemented widely, from the CDM (Clean Development Mechanism) to corporate voluntary efforts and municipal and state-level activities. Additionality assessment remains a central and persistent challenge in all programs. Concerns...

In the long term, any definition of adequacy consistent with UNFCCC Article 2 will require increased mitigation efforts from almost all countries. Therefore, an expansion of emission limitation commitments will form a central element of any future architecture of the climate regime. This...

With the United Nations Framework Convention on Climate Change (UNFCCC) Agreements reached in Cancún, Mexico, in December 2010, the future role of international GHG offsets in climate action has become particularly uncertain. One of the more vexing questions is: how offsets will be accounted...

Greenhouse gas (GHG) offsets are a central feature of most regional and national cap-and-trade systems. A greenhouse offset credit represents a tonne of carbon dioxide equivalent (CO₂e) reduced, avoided or sequestered by a project implemented specifically to compensate for emissions occurring...