Our analysis, and that of many communities and organisations across Asia, is that the CDM is an extension of the generalised approach to big project and energy intensive development that has systematically marginalised indigenous peoples and local communities and over- exploited the Earth. The “clean development mechanism” is, quite simply, a mechanism that allows polluters to avoid binding emissions reductions in one location, while shifting emissions to another location.
Climate finance is a key element of a global agreement to address the impacts of climate change. Billions of dollars will flow to developing countries and it is essential that this money goes to meeting the needs of those most vulnerable to these devastating impacts and is not lost to corruption and poor governance. It is also important to recognise that the amounts of funding, the number