Small island states have been able to obtain some remarkable achievements in the climate change negotiations by building a cohesive coalition, the Alliance of Small Island States (AOSIS). Its cohesion, however, has been affected by changes in the UNFCCC process. The increase both in the number...

Under the Kyoto Protocol, developing countries can voluntarily participate in climate change mitigation through the Clean Development Mechanism (CDM), in which industrialized countries, in order to meet their mitigation commitments, can buy emission reduction credits from projects in developing...

Discounting the value of emission credits has been proposed as a possible approach for addressing some of the shortcomings of the Clean Development Mechanism (CDM). It could be used to compensate for non-additional CDM projects; to increase the incentive for advanced developing countries to move...