Discounting China’s Dams

download pdf file

Not all greenhouse gas emissions reductions are created equal, especially those spewing from hydroelectric projects spurred by the CDM in China.

Law Professor John Copeland Nagle from the University of Notre Dame in Indiana, USA indubitably caught on to this.  He spells out the good and bad consequences of these projects in “Discounting China’s Dams”, also suggesting to move  more resources to establish and run CDM projects to host countries (away from dams) and push for other renewable energy projects instead.   But the big thriller is his proposal to battle the market incentives that continue to subsidise and proliferate harmful hydroelectric projects with a way to “discount” these projects with a multiplication factor that unequivocally awards less credits for every ton of avoided emissions.   This way, the CDM can dodge the most harmful environmental projects, allocate credits to other developing countries, and inch closer to sustainable development.  Let’s see how dam investors will get shaken up on this invigorating proposal.


Related posts

Carbon Market Watch welcomes EU ban on “carbon neutrality” greenwashing

Companies selling in the European Union will no longer be able to claim that their products are carbon or climate neutral, the EU has provisionally agreed. This victory against greenwashing corresponds to longstanding demands from climate campaigners to eliminate the use of offsets and send a signal to the voluntary carbon market.

Integrity Council’s rulebook sets minimum threshold instead of high bar for carbon markets

The Integrity Council for the Voluntary Carbon Market’s latest guidelines provide a set of much-needed incremental improvements but fail to raise the quality of carbon credits sufficiently and leave too much wiggle room to truly tackle the climate crisis. The ICVCM has the opportunity to clear up the loopholes and ambiguities when it issues its first assessments of carbon market programmes.

Discounting China’s Dams

Join our mailing list

Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.