Evaluation of Role of Carbon Finance in Developing Country Transport-Sector Projects

The Clean Development Mechanism (CDM) is a Kyoto-based instrument that links financial resources and technical expertise from developed countries to emissions reduction projects in developing countries. To date, the CDM has not achieved widespread success in supporting the transport sector, having only registered two transport projects since its inception, scheduled to receive about one-tenth of one percent of investment supported by the CDM. Given this low level of sector representation, as the end of the Kyoto compliance period draws near, international debate is increasing as to whether the CDM is an appropriate tool to support emissions reductions in the transport sector and, in some circles, whether transport should continue to be considered a priority for market-based schemes. While the ultimate fate of the transport sector under the CDM remains to be determined, there has been sufficient experience to date to develop a few key takeaways. The purpose of this paper is to: present an argument for expanding CDM support for developing country transport sector greenhouse gas mitigation projects, despite the fact that transport projects can be less cost-effective per ton of emissions reduction than other sectors; present an overview of the current status and obstacles facing transport sector access to CDM-based finance; and present a case study that illustrates how, moving forward, transport sector projects could more effectively leverage CDM carbon finance support.

Language

  • English

Media Info

  • Media Type: DVD
  • Features: Figures; Tables;
  • Pagination: 13p
  • Monograph Title: TRB 89th Annual Meeting Compendium of Papers DVD

Subject/Index Terms

Filing Info

  • Accession Number: 01155444
  • Record Type: Publication
  • Report/Paper Numbers: 10-1799
  • Files: TRIS, TRB
  • Created Date: Jan 25 2010 10:49AM