The main objective of Clean Development Mechanism (CDM) is to promote sustainable development in developing countries and to allow industrialized countries to earn emissions credits from their investments in emission-reducing projects in developing countries. A particular CDM project cycle involves a wide range of transaction costs which may include the following: Project identification and selection: Costs incurred by project developers and potential investors in identifying prospective projects. Project development and baseline determination: Information costs related to the preparation of a project concept note providing relevant information on project baseline, expected additional emission reductions and corresponding costs. Project validation: The process of independent … Continue reading →
Revisiting the earliest days of rural, pastoral- and agriculture-based societies offers thought-provoking answers to solve today’s crises. At the highest levels of international concern, Islam’s formalized system of “Hima,” or Nature Conservation, is receiving optimistic attention. One of the reasons why Hima is an interesting solution for today’s conservation needs is because it developed under a similar set of crises. Relatively speaking, the ratio of human population to accessible natural resources in the days of Moses was just as dire as today’s challenges. It is possible to recognize the development of Hima by following the early days of Prophet Moses, … Continue reading →
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