Sustaining the clean development mechanism: The Philippines as a host country

• Main Authors: Libo-on, Franz Joel R., Pricipe, Ruskin, Toledo, Jared
• Format: text
• Language: English
• Published: Animo Repository 2008
• Subjects: Sustainable development > Philippines; Economics
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/9121
• Institution: De La Salle University

This paper examines the status of Clean Development Mechanism (CDM) Philippines, its significant contribution to the countrys sustainable development and areas for improvement for it to efficiently meet the goals and standards set by the Kyoto Protocol. Essentially, CDM is a form of Carbon Trading established for the participation of developing countries in order for them to carry the goals of preventing Global Warming thru carbon emissions reductions and at the same time, sharing the socio-economic benefits that could be attained from the mechanism. Using a customized survey questionnaire constructed and disseminated to various carbon stakeholders, the authors were able to capture the current environment of the carbon trade industry in the country. Significantly, thru the information procured from the use of this questionnaire, 14 CDM project representatives provided an overall assessment of the CDM as well as grounds on its development in accordance to the sustainable development criteria. Based on the empirical results of the study, the authors assert that CDM certainly vows to its goal of reducing carbon emissions. However, much of the problem lies on the CDM projects ability to sustain its operations thru time that is, Philippine CDM operation still lacks efficiency. Moreover, there exists a great challenge in deviating from the notion that CDM does not sufficiently fulfill its objective of assisting host countries in achieving SD criteria. Hence, in order to move forward to environmental integrity y and strengthened economy, a continuous capacity building for CDM, because of evolving rules and regulations, is well recommended. In addition, the CDM Designated Authority (DNA) should revamp its project processing system for client welfare. This would be done thru provisions for more subsidies for the cost of the development of PDD, validation and registration. Finally, an alternative model representation for significantly measuring quantifiable impacts of CDM is an area for future research.