UNINDU 2008

Clean Energy for the World: Ethanol, Biodiesel and Natural Gas

1) Full name: Viviane Roberto da Silva Romeiro viviromeiro@fem.unicamp.br

André Felipe Simões afsimoes@fem.unicamp.br
Gilberto Martino Januzzi januzzi@fem.unicamp.br

2) Institution: Departamento de Energia – FEM/UNICAMP

3) Complete address: Depto de Energia/ Pós-Graduação Unicamp/Campinas - SP

4) Contact phone: 019 - 3521-3285

5) Major topic: Environment

INTERNATIONAL CARBON MARKET REGULATION: VIABILITY TO BOOST

RENEWABLE ENERGY USE THROUGH CDM PROGRAMMATIC

Carbon market regulation and its implications to mitigate effectively greenhouse

gases effect have been widely discussed in the context of global climate
change. There are many scientific and legal uncertainties related to CDM
implementation, specially its effectiveness to help boost renewable energy use
and environmental benefits in order to achieve sustainability. During the 11th
Conference of the Parties (COP11/MOP-1), the United Nations Framework
Convention on Climate Change - UNFCCC presented the Programmatic CDM
(or Programme of Activities – POA´s) as an alternative to register activities in a
different process of the original CDM. In this context, this paper aims to analyze
the new scene of global climate change regulation since the creation of
Programmatic CDM and its potential as a viable solution to attain an effective
global climate agreement. Challenges and opportunities concerning to
Programmatic CDM are discussed in the current international legal system in
which Kyoto Protocol is applicable, as well as the contribution of this regulatory
instrument for benefices to global climate system and quality of societies life.
Under a methodological view, a conceptual analyze related to clean
development mechanism requirements will be consider from a historical
perspective to discuss basic principles and trades concerning to projects and
programmes of activities.

KEY WORDS: Renewable energy; Carbon market; Clean developed

mechanism; Programme of Activities; Sustainability