Based on in-depth and field research, this book evaluates existing Clean Development Mechanism (CDM) projects in the Philippines and questions whether the scheme is undermining its own purported aim to address climate change by cutting carbon emissions. The Philippine projects discussed in the book show how they “further exacerbate climate change and compromise sustainable development, enriching large conglomerates that are expanding extractive and fossil fuel-intensive activities, while allowing rich countries to continue avoiding the reductions necessary to mitigate climate change.”
