Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


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February 7th, 2007

Nature: Is the global carbon market working?

in the news

The Clean Development Mechanism can be viewed not only as a market, but also as a subsidy and a political mechanism. Michael Wara argues that it has been most effective, so far, in achieving its political goals. +PDF+
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January 8th, 2007

PESD researcher quoted by New York Times and International Herald Tribune

in the news

The Clean Development Mechanism ("CDM") was created by the Kyoto Protocol with the aims of encouraging emissions reductions in the developing world and cheapening greenhouse gas mitigation for developed countries. As part of PESD's work on Climate Change Policy, Michael Wara produced a paper titled Measuring the Clean Development Mechanism's Performance and Potential. Now Michael Wara is quoted on the actual effects - from pricing to mitigation - of the CDM on the greenhouse gas HFC-23.

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July 7th, 2006

PESD fellow working paper examines Clean Development Mechanisms

Press Release

The Clean Development Mechanism ("CDM") was created by the Kyoto Protocol with the aims of encouraging emissions reductions in the developing world and cheapening greenhouse gas mitigation for developed countries. PESD fellow Michael Wara suggests several reforms to repair the course of CDM. Read more »




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