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SEI Response to Criticism Raised about the SEI Working paper on Adipic Acid CDM Projects
This document is a formal response by the Stockholm Environment Institute (SEI) to critiques of a working paper concerning Clean Development Mechanism (CDM) projects for adipic acid. The authors, Anja Kollmuss and Michael Lazarus, defend their findings regarding the competitive advantages provided by Certified Emission Reductions (CER) revenues and the resulting risk of carbon leakage.
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Document type: Statement
Microsoft Word - 2010-10-09 Adipic acid paperFinal.docx
This research paper evaluates the impact of the Clean Development Mechanism (CDM) and Joint Implementation (JI) on nitrous oxide (N2O) abatement in the adipic acid sector. While the carbon market successfully incentivized abatement levels of 98% to 100%, which exceed previous technical benchmarks, the authors find that the CDM created significant economic incentives that led to carbon leakage. Specifically, production shifted from non-CDM plants to CDM plants during the 2008-2009 economic downturn, resulting in an estimated 13.5 MtCO2e of issued credits that did not represent real emission reductions.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Research paper