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Paper Information

Journal:   JOURNAL OF PUBLIC LAW (LAW RESEARCH QUARTERLY) (LAW & POLITICS RESEARCH JOURNAL)   SPRING 2011 , Volume 13 , Number 32; Page(s) 205 To 230.
 
Paper: 

KYOTO PROTOCOL AND FINANCING ECONOMIC PROJECTS IN DEVELOPING COUNTRIES

 
 
Author(s):  SHIRAVI ABDOLHOSSEIN*
 
* PARDIS UNIVERSITY, GHOM
 
Abstract: 

In accordance with the Protocol to the United Nations Framework Convention on Climate Change (Kyoto Protocol) developed members are required to reduce their greenhouse gas emissions to a defined level during the period of 2008-2012. As such reduction may cause huge costs to these developed countries, Kyoto Protocol provides for flexible mechanisms under which they could perform their obligations through cross-boarder projects. The most important mechanism provided in the Kyoto Protocol which could be used by developing countries and in particular by Iran in attracting foreign investment is“Clean Development Mechanism (CDM) ”. Through CDM, developed countries implement their obligations under the Protocol though assisting developing countries to achieve sustainable development. In this article an overview of the Framework Convention and Kyoto Protocol is first provided. Then CDM and the method of financing CDM project is discussed. Finally the risks inherent in CDM and their management are discussed.

 
Keyword(s): KYOTO PROTOCOL, FINANCING PROJECTS, CLEAN DEVELOPMENT MECHANISM, CDM, FLEXIBLE MECHANISMS
 
References: 
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