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Impacts of the Clean Development Mechanism
This report analyzes the unintended mitigation impact of the Clean Development Mechanism (CDM) in 2014, finding that depressed market conditions led to a net mitigation of 480 MtCO2e (roughly 1% of global emissions) as projects continued operating without issuing offsets. It further examines how different CER price recovery scenarios (EUR 2 vs EUR 5+) would affect the supply of credits and the gap between actual reductions and credit issuance.
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Document type: Report
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