A Synthetic Indicator To Evaluate The
Contribution Of Clean Development
Mechanism Projects For Latin American
Sustainable Development
Author(s)
H. F. Beirão Junior
Abstract
If one were to assign responsibilities of current climate change, one of the most
important challenges of the 21st century, it probably does not correspond to the
Latin American countries, which are most vulnerable to the effects of greenhouse
gas emission (GHG). One of the opportunities to meet the challenge of climate
change is already being implemented, because the so-called rich countries are
developing environmentally sustainable projects in Latin America to account for
their own GHG reductions generated in the region of developing countries who
ratified the Kyoto Protocol. Therefore, the Clean Development Mechanism
(CDM), a flexibility mechanism established by Article 12 of the Kyoto Protocol,
constitutes a real opportunity for developing countries to achieve the benefits of
the emerging carbon market. Not everything can be considered a benefit to the
host countries of these CDM projects as there is a risk that they are better
adapted to the economic interests of the industrialized country than the host
country. This paper proposes the creation of a synthetic indicator to
quantitatively measure and summarize the contribution of CDM projects on
complex phenomenon such as sustainable development in a particular region. It
is expected that the Sustainable Development Index of Project (SDIP) serves as a
monitoring mechanism for economic, environmental, and social impacts, and
supports decision-making for the validation of a CDM project. The
simplification suggested by the SDIP is important because it can provide an
easily identifiable numerical value which represents the CDM project’s viability.
Keywords
climate change, clean development mechanism project, sustainable development, synthetic index
Related Book
Other papers in this volume
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