Volume 1
Global climate change and sustainable development : third report of Session 2001-02 / International Development Committee.
- Great Britain. Parliament. House of Commons. International Development Committee
- Date:
- 2002
Licence: Open Government Licence
Credit: Global climate change and sustainable development : third report of Session 2001-02 / International Development Committee. Source: Wellcome Collection.
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![in April 2002 to make recommendations on simplifying procedures for small-scale CDM. We welcome the fact that DFID has commissioned research looking at how CDM projects can contribute to poverty alleviation and examining the scope for simplified procedures for small-scale CDM projects. We believe that fixed transaction costs will continue to make small scale CDM projects in developing countries economically unviable. Unless these costs can be reduced or some other provision made for small scale projects the majority of developing countries will see little benefit from CDM. The UK Government should be pressing for these matters to be addressed by the CDM as quickly as possible. 71. While the distribution of CDM projects might not matter from a global carbon perspective, as it does not matter where emissions reductions take place, it does matter from a sustainable development perspective. The CDM has an explicit objective to promote sustainable development and CDM investments should be supporting this objective. However, the UNFCCC gave the responsibility for ensuring that CDM investments met the sustainable development objective to host countries. Many developing countries lack the experience and capacity to ensure that this objective is met. Donors clearly have an interest in ensuring that each CDM project meets sustainable development criteria. They should ensure that host countries are able to assess and monitor this criteria.”* The UK Government could also investigate the scope for building incentives or rewards into CDM so that the CDM can properly recognise the value of additional benefits beyond emissions reductions and climate protection. The Global Environment Facility 72. Adrian Davis, DFID, explained that the basic raison d'etre for the Global Environment Facility (GEF) was to provide funds to cover the additional costs of targeting environmental objectives through a development project or programme.*'” Around US$1.3bn of the US$3.4bn GEF has so far allocated has been allocated to climate change but by June 2001 disbursements totalled only US$386mn. GEF climate change projects are organised into four areas: ¢ removing barriers to energy efficiency and energy conservation; * promoting renewable energy by removing barriers and reducing implementation costs; ¢ reducing the costs of low greenhouse gas emitting energy technologies; and, * supporting the development of sustainable transport.*”° 73. The UNFCCC has often used the GEF as a mechanism to implement new agreements. Three new funds, to be administered by GEF, were established at Bonn (the fifth Conference of Parties, CoP-5) to provide assistance to developing countries. These were: ¢ the Special Climate Change Fund: to assist developing countries with adaptation ' and technology transfer; * the Least Developed Countries Fund: to support the preparation and implementation of national adaptation programmes of action (NAPAs); and, * the Kyoto Protocol Adaptation Fund: to finance adaptation projects in developing countries that have become parties to the Kyoto Protocol.” 2I7By 37 *18hy 73 [para 24] 719937 and Ev 6 [para 31] 220Fv 6 [para 31] 221 Ry 13 [para 4.3]](https://iiif.wellcomecollection.org/image/b32221356_0001_0047.jp2/full/800%2C/0/default.jpg)
