Social goals and mechanisms of clean development

Abstract

It is necessary to highlight the comparative character of the benefits and economic costs, both environmental as social of the various options of Clean Development Mechanism (CDM) projects. Many sector studies have been made, separately analyzing each of these options and the bibliography is extensive. However the CDM tries to introduce market components in the search of more efficient solutions and few works have analyzed in a comparative manner the different possibilities that the investors will confront with. What lacks is to take a step forward and compare the returns expected from each project, avoiding to be restricted only by “traditional” aspects – amount of avoided emissions and necessity of financing – also considering its capacity of social inclusion.