Clean Development mechanism in the Philippines

Jo-Rex E. Camba
MA Environmental Management '07
Ateneo de Manila University (Philippines) and University of San Francisco (USA)

The enforcement of Kyoto Protocol in February 2005 signaled the speeding up of transaction of a new platform in the global market—carbon trading—participated in by industrialized and developing countries. The Kyoto Protocol in the United Nations Framework Convention on Climate Change (UNFCCC) established three cooperative and flexible mechanisms to meet the objectives and goals of the UNFCCC. One of these flexibility mechanisms is the Clean Development Mechanism (CDM), which involves the trading of Certificates of Emission Reduction generated from the implementation of CDM projects. Realizing the CDM potentials of the country and sustainable development benefits that can be derived from hosting CDM projects such as technology transfer, employment opportunities, and improvement in environmental quality, the Philippines joined other developing countries in hosting CDM projects. The paper discusses the CDM potentials of the Philippines and examines the CDM development and practice in the country since the enforcement of the Kyoto Protocol. It also provides insights to further improve the capacity of the country to engage in CDM activities in the future.

Category:

Nonprofits & Activism

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• plenary02
• 04