1. Climate Change Governance
Three pillars
a.Governments
b.Institutions
c.Markets
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2. Climate Change Governance
• When one fails other compensates
• When one fails it either self corrects and
evolves with new attributes. Or depends on
the other for a change.
• The cycle should repeat it self.
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3. Why we (consistently) Fail
Institutional Failure
 Participation
 Sophistication / Time
 Blame? Democracy? Inclusively?
 Inequalities
 Me first attitude!
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4. Why we (consistently) Fail
Government Failure
 Implementation
Timely & Suitable policy intervention
 Representation
 Credibility
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5. Why we (consistently) Fail
Market Failure
Transparency
 Uniform trading platform / exchange
 Pricing
 Demand for Credits
For E.g. Currently 60 % emissions of India is from
Power, Steel, Aluminum, Cement, Paper &
Fertilizers 5

6. Steps is CDM
Inspiration – Visit various URLs / Consultants - Search for Buyer / Partner -
Cost & Benefit Analysis - Proceed with the following
For Example 700 days from CDM registration to first CER issuance. 600
days from PIN to Registration. Average CER Spot Price is 12 Euros
PIN / PCN & PDD Development Project Developers / Consultant
Host Country Approval GOI / MOEF i.e. DNA
Validation DOE
Registration CDM EB
Implementation Project Developers
Monitoring Project Developer + DOE
Verification DOE
Certification CDM EB
Issuance of CERs CDM EB
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