Sustainable development benefits of clean development mechanism projects: A new methodology for sustainability assessment based on text analysis of the project design documents submitted for validation

摘要: Abstract The clean development mechanism (CDM) is part of the global carbon market developing rapidly in response to warming. It has twin objective achieve sustainable (SD) host countries and assist Annex-1 achieving their emission reduction targets a cost-efficient manner. However, research shown that trade-offs between two objectives exist favour reductions left forces, CDM does not significantly contribute development. main argument paper need for an international standard sustainability assessment—additional national definitions—to counter weaknesses existing system approval by designated authorities countries. article develops new methodology, i.e. taxonomy assessment based on text analysis 744 project design documents (PDDs) submitted validation 3 May 2006. Through SD benefits all projects at aggregated levels, strengths limitations are explored. policy implication propose as basis verification protocol operational entities (DOEs) reporting, monitoring verifying potential described PDDs actually realized.