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Context for CDM and philosophy behind CDM |
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The basic thinking behind the fact that only the
developed countries have targets for the first commitment
period is that these countries generally have a high standard
of living (are rich), bear a disproportional historical
responsibility for the build-up of GHG, have access to
sophisticated technologies, and thus can both afford and are
ethically compelled to “go first” on the renewable path, where
at least initially energy is more expensive than the fossil
fuel products most nations are reliant upon at this time.
The expectation is that, in time, these countries will
develop new technologies that will make renewable energy more
competitive with fossil fuels so that poorer countries could
in time, using these technologies, also venture down the
renewable path without exposing their more fragile economies
to undue damage.
CDM aims to do exactly this and also
to transfer technology to developing countries even in the
period before they have targets/emission reduction duties so
that they can be started down the renewable path as soon as
possible. This implies, given the constraints mentioned above,
a project in a developing country subsidized by money from
somewhere else.
For more information on how CDM works,
click on the menu on the bottom left of the page. |
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