June 2000 - Under the Clean Development Mechanism, developing countries will be able to produce certified emissions reductions (CERs, sometimes called offsets) through projects that reduce greenhouse gas emissions below business-as-usual levels. The challenges of setting up offset markets are...

About a third of development projects fail to achieve satisfactory outcomes, according to agencies' independent evaluation units. To a large extent, these outcomes appear to be baked into projects at their inception due to inadequate project design or relevance. This prompts questions about the...