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Carbon Development Mechanisms

sc1109 edited this page Jun 16, 2012 · 3 revisions

This allows Annex One countries to invest in nonAnnex One countries in exchange for carbon offset credits.

Description of Protocol:

  • Non Annex Countries will advertise that they are looking for a certain amount of investment to complete a specific task (ie. Carbon absorption/reduction)
  • Annex one countries will respond with an offer
  • Non Annex One will choose which offer to accept

For carbon absorption the following will occur

  • nonAnnexOne:
    • Cash increases (temporarily and invisibly to the country)
    • Arable land area reduced
    • Carbon Absorption increases by X
  • AnnexOne
    • Cash Decreases
    • Carbon offset increases by X

For carbon reduction

  • non Annex One
    • Cash increases (temporarily and invisibly to the country)
    • Carbon output decreases by X
  • Annex One
    • Cash decreases
    • Carbon offset increases by X

In the case the nonAnnexOne country doesn't have enough cash to make the absorption/reduction it promised, everyone is refunded and the CDM trade is abandoned.

To initiate CDM call the following from the nonAnnexOne country

broadcastInvesteeOffer(int quantity, InvestmentType itype);
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