What are the Financing Prospects for Brazilian Sustainable Development? From Clean Development Mechanism to Nationally Appropriate Mitigation Actions

Abstract

The two ways in which the international regime on climate change has been negotiated, created at the Conference of the Parties (COP 13) in 2007 and framed in the so-called Bali Road Map, resulted in two task forces: the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP) and the Ad Hoc Working Group on Long-term Cooperative Action (AWG-LCA). While the former is in charge of, among others, the issues involving all aspects of the Clean Development Mechanism (CDM), the latter focuses on long-term cooperative actions to be followed by the different countries—in particular, what are called the Nationally Appropriate Mitigation Actions (NAMAs), by which the developing countries would present mitigation actions in the context of their sustainable development on a voluntary basis. (…)