Open AccessThe Impact Of Clean Development Mechanism Projects On Sustainable Development In South Africa
Author(s) -
Surendran Pillay
Publication year - 2015
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v14i6.9485
Subject(s) - clean development mechanism , sustainable development , developing country , context (archaeology) , business , sample (material) , environmental planning , economic growth , natural resource economics , environmental resource management , economics , geography , climate change , political science , ecology , chemistry , archaeology , chromatography , law , biology
Clean Development Mechanisms (CDM) have achieved a certain level of cost-effective emission reductions in developing countries. In this context the uneven distribution of CDM projects in certain regions as well as the concentration of CDM projects amongst certain sectors in developing countries have resulted in the issue of whether CDM projects contribute to sustainable development in developing countries. This article examines the impact of CDM projects on sustainable development in South Africa by examining a sample of working CDM projects there and evaluating their impact on environmental, economic and social sustainable development. Based on observations during the study, CDM policy changes are reviewed, and options to enhance the sustainable development implications of CDM projects are explained.