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A SYSTEMATIC REVIEW OF CDM PROJECTS: IMPACTS AND CHALLENGES IN THE ENERGY SECTOR

  • Unique Paper ID: 179994
  • Volume: 12
  • Issue: 1
  • PageNo: 364-370
  • Abstract:
  • The Clean Development Mechanism (CDM) has been an essential instrument in promoting sustainable energy transition and mitigating climate change, especially in developing economies. This systematic analysis analyzes the effects of CDM projects in the energy sector, emphasizing their roles in carbon emissions reduction, renewable energy proliferation, and economic sustainability. The study assesses the efficacy of CDM activities in promoting low-carbon technology, energy efficiency programs, and carbon credit markets, while also confronting the obstacles related to legal frameworks, financial accessibility, and project scalability. Research demonstrates that CDM projects have substantially encouraged investment in renewable energy sources such as solar, wind, and bioenergy, facilitating a transition to cleaner energy alternatives. Nonetheless, obstacles such as bureaucratic delays, inconsistent regional adoption, and intricacies in carbon credit calculation have impeded extensive deployment. Moreover, issues related to stakeholder engagement, transparency in emissions reporting, and fair allocation of climate advantages require additional legislative enhancements. As the global energy environment transforms, forthcoming CDM initiatives must prioritize the optimization of approval procedures, the augmentation of financial incentives, and the incorporation of modern technology such as AI-driven climate analytics. Enhancing global cooperation and refining carbon trading systems will expedite the adoption of renewable energy and amplify the environmental advantages of CDM initiatives. This analysis provides ideas for policymakers, researchers, and industry stakeholders to enhance CDM programs for enduring global energy sustainability.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 12
  • Issue: 1
  • PageNo: 364-370

A SYSTEMATIC REVIEW OF CDM PROJECTS: IMPACTS AND CHALLENGES IN THE ENERGY SECTOR

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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