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Legal Aspects of Carbon TradingKyoto, Copenhagen, and beyond$
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David Freestone and Charlotte Streck

Print publication date: 2009

Print ISBN-13: 9780199565931

Published to Oxford Scholarship Online: February 2010

DOI: 10.1093/acprof:oso/9780199565931.001.0001

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The CDM Project Cycle and the Role of the UNFCCC Secretariat

The CDM Project Cycle and the Role of the UNFCCC Secretariat

(p.213) 10 The CDM Project Cycle and the Role of the UNFCCC Secretariat
Legal Aspects of Carbon Trading

Netto Maria

Barani Schmidt Kai-Uwe

Oxford University Press

The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC) provides for three ‘market-oriented mechanisms’: joint implementation (JI); emissions trading (ET); and the clean development mechanism (CDM). The main purpose of the three mechanisms is to maximize the cost-effectiveness of climate change mitigation by providing an opportunity to reduce greenhouse gas (GHG) emissions inexpensively abroad, rather than at home. This chapter provides an overview of the CDM actors and the steps in the CDM project cycle with an analysis of the role of the Secretariat in supporting these stages.

Keywords:   Kyoto Protocol, clean development mechanism, United Nations Framework Convention on Climate Change, project cycle, Secretariat

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