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Contribution Details
| Type | Book Chapter |
| Scope | Discipline-based scholarship |
| Title | Risk management in the Clean Development Mechanism (CDM) – the potential of sustainability labels |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
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| Booktitle | Economics and Management of Climate Change: Risks, Mitigation and Adaptation |
| ISBN | 978-0-387-77352-0 |
| Place of Publication | Berlin |
| Publisher | Springer |
| Page Range | 193 - 208 |
| Date | 2008 |
| Abstract Text | There is a danger that the CDM will fail to live up to its goals, namely reduction of greenhouse gas emissions and enhanced sustainable development. Sustainability labelling is a promising strategy to hedge against such failures. Labels could also serve as a business risk-hedging tool. The existing labels for the CDM are not comprehensive enough, however. A two-tiered stakeholder participatory approach with national flexibility under an international umbrella could be a promising option. Due to the necessary bureaucracy this might not be feasible. Labels in the spirit of the existing approaches – addressing only restricted aspects of sustainability or not applicable to all sectors may be a second best option. Other instruments for the further regulation of the CDM, such as a profit tax, should therefore be discussed as well. |
| Official URL | http://www.springer.com/economics/environmental/book/978-0-387-77352-0 |
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| Additional Information | The original publication is available at www.springerlink.com |