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Industrial N2O Projects Under the CDM: The Case of Nitric Acid Production
This research paper evaluates the environmental integrity of nitric acid projects under the Clean Development Mechanism (CDM), specifically examining risks of carbon leakage and baseline emission manipulation. The authors conclude that while the CDM successfully fostered abatement in a sector that previously lacked such practices, the current methodologies are complex and lead to significant credit issuance delays. The paper recommends transitioning to a common benchmarking approach for baseline emissions to simplify the process and safeguard against leakage.
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Document type: Research paper
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