Publication: Development assistance and the CDM – how to interpret ‘financial additionality’
Development assistance and the CDM – how to interpret ‘financial additionality’
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Dutschke, M., & Michaelowa, A. (2006). Development assistance and the CDM – how to interpret ‘financial additionality.’ Environment and Development Economics, 11(2), 235–246. https://doi.org/10.1017/S1355770X05002780
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Abstract
International climate negotiations have specified that projects under the Clean Development Mechanism (CDM) should not lead to a ‘diversion’ of official development assistance (ODA). It is however unchallenged that ODA can be used in capacity building for the CDM. Diversion can be interpreted in purpose, sectoral, and regional terms. There are possibilities to use ODA benchmarks to define diversion such as the UN 0.7 per cent target but they are unlikely to be politically acceptable. On the project level, three main options exist but
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- Dutschke, Michael
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Dutschke, M., & Michaelowa, A. (2006). Development assistance and the CDM – how to interpret ‘financial additionality.’ Environment and Development Economics, 11(2), 235–246. https://doi.org/10.1017/S1355770X05002780
