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India and Global Climate Change by Michael A. Michael A. Toman

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CHAPTER 15

The Clean DevelopmentMechanism: Issues and Options

P.G. Babu, K.S. Kavi Kumar, and Bibhas Saha

THIS CHAPTER STUDIES SOME OF THE DESIGN ISSUES related to the clean development mechanism (CDM) and the conceptually related notion of joint implementation (JI), and illustrates CDM options using the Indian cement sector. In doing so, as is common to most of the studies dealing with practical problems, we use a few important principles (instead of full-blown models themselves) from the theoretical literature to make our points.

To set the stage, let us quickly summarize the relevant details from the Kyoto Protocol (UNFCCC 1997).1 This Protocol incorporates four major mechanisms to enable cooperative implementation of emission commitments ...

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