The Twin Failures of the CDM: Recommendations for the "Copenhagen Protocol"

The Kyoto Protocol's Clean Development Mechanism (CDM) was intended to reduce greenhouse gas emissions while facilitating sustainable development in developing countries. However, most CDM projects contribute little to sustainable development and are inequitably distributed. The 15th Conference of the Parties to the United Nations Framework Convention on Climate Change, which will take place in Copenhagen in December 2009, is an opportunity to create a more effective version of the CDM. This paper argues that the CDM should be modified to include formal sustainable development requirements and to extend eligibility to additional land use, land-use change and forestry projects. In particular, the CDM should include credit for deforestation prevention, provide more scope for afforestation and reforestation projects, and encourage further study of agricultural soil carbon sequestration.