Contents
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The Role of Private Actors in the CDM The Role of Private Actors in the CDM
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Learning to Measure: The Origins of the CDM Learning to Measure: The Origins of the CDM
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The Decision to Delegate The Decision to Delegate
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The Benefits of Delegation The Benefits of Delegation
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Considering Possible Agents Considering Possible Agents
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National Governments National Governments
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The World Bank and the Global Environment Facility The World Bank and the Global Environment Facility
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The UNFCCC Secretariat The UNFCCC Secretariat
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The International Organization for Standardization (ISO) The International Organization for Standardization (ISO)
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The Private Sector The Private Sector
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Explaining the Form of Private Authority Explaining the Form of Private Authority
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Preferences of Key States Preferences of Key States
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From Disagreement to Compromise From Disagreement to Compromise
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Existence of a Strong Focal Institution Existence of a Strong Focal Institution
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Conclusion Conclusion
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Four Atmospheric Police: Delegated Authority in the Clean Development Mechanism
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Published:December 2013
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Abstract
This chapter examines why states decided to delegate key monitoring tasks to private actors in the Clean Development Mechanism (CDM) of the Kyoto Protocol. It first provides an overview of the origins of the CDM before discussing the involvement of the Global Environment Facility, the World Bank, the UN Framework Convention on Climate Change Secretariat, and the International Organization for Standardization (ISO) in the CDM. It also presents three reasons behind delegated authority in the CDM, and specifically why private actors were selected to serve as the “atmospheric police” of the CDM. First, the private sector had relatively long-standing experience in the intricacies of measuring carbon offsets. Second, powerful states agreed that this market mechanism should be part of the Protocol, and that a third-party verifier was needed to monitor the quality of offset projects. Finally, there was a focal institution, the CDM Executive Board, to screen and oversee agents.
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