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Discussion Paper

The issue of baseline setting is a critical issue for designing CDM regime in terms of
determining incentives (credit generation) for investors. Despite the clarity of its
concept, the methodologies of baseline setting are technically difficult. This issue can
be construed rather as the problem of how to define the additionality. This paper

Discussion Paper

This paper analyzes private sector involvement in the CDM in terms of experience with AIJ, private sector incentives and the potential barriers to private sector investments in the CDM. Such barriers are mainly associated with the instability of the incompletely-defined CDM mechanism itself and fundamental risks of projects in developing countries...