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Should the use of standardized baselines in the CDM be mandatory?


Spalding-Fecher, Randall; Michaelowa, Axel (2013). Should the use of standardized baselines in the CDM be mandatory? Climate Policy, 13(1):80-88.

Abstract

There has been considerable debate on the merits of standardized baselines (SBLs) in the clean development mechanism (CDM), and how such baselines could reduce transaction costs for CDM projects. It has not been considered whether the voluntary versus mandatory use of SBLs by CDM project developers can affect the environmental integrity of the CDM. An example is given in which SBLs are applied to a homogeneous output industry in order to illustrate how the voluntary use of SBLs could lead – even with relatively stringent benchmarks – to over-crediting of emission reduction credits.

Abstract

There has been considerable debate on the merits of standardized baselines (SBLs) in the clean development mechanism (CDM), and how such baselines could reduce transaction costs for CDM projects. It has not been considered whether the voluntary versus mandatory use of SBLs by CDM project developers can affect the environmental integrity of the CDM. An example is given in which SBLs are applied to a homogeneous output industry in order to illustrate how the voluntary use of SBLs could lead – even with relatively stringent benchmarks – to over-crediting of emission reduction credits.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Uncontrolled Keywords:additionality, benchmarking, clean development mechanism, standardized baselines
Language:English
Date:2013
Deposited On:16 Dec 2013 10:18
Last Modified:05 Apr 2016 17:15
Publisher:Taylor & Francis
ISSN:1469-3062
Publisher DOI:https://doi.org/10.1080/14693062.2012.726129

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