"By providing and attractive vehicle for foreign investment, the Clean Development Mechanism has given rise to high expectations among developing countries; it is felt that the CDM will be a catalyst for economic and social development . . . Initial experience with this mechanism has made it appear doubtful, however, whether it will be able to deliver on this objective. The evidence to date suggests a strong preference among investors for projects that generate a high volume of carbon credits while providing few or no development benefits."

by: ProfMKD @ 9:55 am