ABSTRACT
This chapter examines how the rules on transparency and prevention apply to specialized, project-focused, mitigation areas of the United Nation Framework Convention on Climate Change (FCCC) and Kyoto Protocol. It discusses state compliance with the obligations created through the mechanism to the extent that they come under the rule on accountable reporting and the general mitigation rule. A credible supervisory system is necessary to uphold the Clean Development Mechanism (CDM) integrity as a mitigation mechanism and to ensure that its implementation does not lead to an increase in global emissions. The CDM is a baseline-and-credit mechanism. The CDM and Reducing Emissions from Deforestation and Forest Degradation (REDD) have similarities, and differences. Much international and domestic regulation was necessary to make the CDM possible. The CDM described as densely regulated, with a complex set of methodological rules. The standard analysis of 'sustainable development' entails dissecting the concept into three 'dimensions': economic development, social development, and environmental protection.
