A Critical Assessment of the Clean Development Mechanism
Chapter 1: Introduction to the Clean Development Mechanism
In the past two decades, man-made climate change has become increasingly recognized, both scientifically and politically, as a real and urgent threat to humanity and a relevant consideration in shaping future development paths (Parry et al. 2007, pp. 44ñ7; Solomon et al. 2007, pp. 24ñ32). It has thus emerged as a rapidly growing international policy arena. Due to the far-reaching implications of the actions needed to tackle the climate change threat, enormous challenges subsist in the political sphere for reaching agreements on how, when and where to act. Tackling climate change implies several types of complementary responses. Mitigation implies reducing the emissions of anthropogenic carbon dioxide (CO2) and other greenhouse gases (GHG) to the atmosphere in order to slow down climate change and prevent it from reaching dangerous levels. It, thus, addresses the causes of climate change. Adaptation aims to reduce the already occurring adverse consequences of climate change and to enhance positive impacts.