CDM Project Approval And Evaluation Criteria:
Comparative Study Of Morocco
And South Africa
Author(s)
G. Nhamo
Abstract
Since the coming into force of the Kyoto Protocol (KP) in February 2005, the
flexible Clean Development Mechanism (CDM) has gained momentum and
much recognition in many developing countries globally. Africa, and specifically
Morocco and South Africa are part of this band wagon. This paper critically
reviews the CDM approval and evaluation criteria for Morocco and South Africa
with the view of determining possible future competition points in attracting
CDM foreign direct investment in these countries. The paper also serves as a
reference point for other developing countries that have or are contemplating
implementing CDM project approval and evaluation criteria. The paper shows
significant differences in approval time frames and sustainable development
criteria. It takes about 42 days in Morocco for proponents to get responses on
their proposed CDM projects compared to 60 days (if initial voluntary screening
is excluded) and 90 days (if initial voluntary screening is included) in South
Africa. Also sustainable development criteria appears to be more stringent for
South Africa compared to that of Morocco. By the time of writing this paper, 60
CDM project proposals had been submitted and were at various approval stages
in Morocco compared to 20 in South Africa.
Keywords: CDM project approval criteria, Morocco, South Africa.
1 Introduction
Apart from the traditional determinants of foreign direct investment (FDI), two
of the most recent key determinants for attracting CDM project-related FDI by
host countries are the CDM project approval and evaluation criteria. Based on
Keywords
CDM project approval criteria, Morocco, South Africa.
Related Book
Other papers in this volume
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