Made available in DSpace on 2016-04-26T20:48:35Z (GMT). No. of bitstreams: 1 SaraGodoy.pdf: 5804152 bytes, checksum: baeceffd1a1f8912ffc807d85cb63398 (MD5) Previous issue date: 2005-10-18 / The purpose of this work is to present the limits and benefits of Clean Development Mechanism (CDM) Projects implementation. The supplemental objectives are the limits and potentialities evaluation of the Kyoto Protocol and the Tools for the Demonstration and Assessment of Additionality analysis, that is an tool proposed by CDM Executive Committee enabling the companies who propose the CDM projects to prove the additionality of its projects. The Protocol firmed in 1997 during COP 3 (3rd Conference of Parts) of United Nations Framework Convention on Climate Change (UNFCCC), in Kyoto, determined emissions ceiling for some developed countries, considering an institucional apparatus to provide support to the process implementation. In order to make flexible the goals fullfilment, the Protocol creates mechanisms (the Mechanism of Clean Development, the Joint Implementation and the Emissions Trade) that also allow the fullfilment of the reduction objectives. The countries can reach its reduction goals, purchasing emission reduction from other countries. Therefore, these tools enable and improve the carbon market. As relevant part of this work, the CDM appears as a great tool that if well used, can bring benefits for development countries, bringing up economic and enviromental advantages once these projects are implemented in its territories, promoting the sustainable development. There are still plenty of challenges ahead for the CDM and the Protocol development, as reduce the uncertainties of regulatory framework, minors transaction costs and institutional improvements that can be reached. Related to the Tools for the Demonstration and Assessment of Additionality, it fullfils with its function to demonstrate adittionnality, not limiting or promoting new CDM projects / O trabalho objetiva apresentar os limites e benefícios da implantação do Mecanismo de Desenvolvimento Limpo (MDL). Os objetivos subsidiários ao principal são a avaliação mais ampla dos limites e potencialidades do Protocolo de Kyoto e a análise mais específica do Teste de Adicionalidade, que é um instrumento proposto pelo Comitê Executivo do MDL com o intuito de que os proponentes de projetos de MDL possam comprovar se seus projetos são adicionais. O Protocolo firmado em 1997 durante a COP 3 (3º Conferência das Partes) da Convenção-Quadro das Nações Unidas sobre Mudanças do Clima (CQNUMC), em Kyoto, determinou um teto de emissões para vários países desenvolvidos e propôs um aparato institucional para dar sustentação à implantação desse processo. Buscando uma maior flexibilidade no cumprimento das metas, o Protocolo cria mecanismos de flexibilização (o MDL, a Implementação Conjunta e o Comércio de Emissões) que procuram assegurar o cumprimento dos objetivos de redução. Os países podem alcançar suas metas de redução por intermédio de compras de reduções de emissão de outros países. A criação dessas ferramentas possibilita, portanto, o surgimento de um mercado de certificados de carbono. Como parte relevante desse trabalho, o MDL aparece como uma grande ferramenta, que se bem utilizada, pode ser muito benéfica aos países em desenvolvimento, pois pode trazer vantagens econômicas e ambientais com a implantação dos projetos em seus territórios, promovendo assim o desenvolvimento sustentável. Há vários obstáculos a serem transpostos para o maior desenvolvimento do MDL e do Protocolo, como maior regulação, menores custos de transação e melhorias institucionais que podem ser obtidas. Quanto ao Teste de Adicionalidade ele cumpre com sua função de demonstrativo de adicionalidade, não sendo nem limitador nem promotor de novos projetos.

The Thesis deals with Strain-Space Plasticity and its implementation in Nonlinear Finite Element frame-work coupled with damage. Conventional Stress-Space Plasticity, though very popular amongst commercial nonlinear FEM software package, has severe limitations especially in dealing with perfect-plasticity situations and also for softening behaviour. Strain-Space Plasticity, when fully evolved, has the potential to replace the Stress-space Plasticity. The thesis is a welcome addition in furthering the understanding of Strain-Space Plasticity and its illustration to analyze practical engineering problems. Continuum Damage Mechanics (CDM) is an evolving area of Solid Mechanics with great potential for application in failure and integrity analyses. Research activities have been initiated by several research groups world-wide, thus demonstrating its acceptance as an area of mechanics in its own right .This thesis further demonstrates coupling of Continuum Damage Mechanics with Strain-Space Plasticity. The thesis has been organized into 11 chapters with a good review of Plasticity (Stress-Space as well as Strain-Space), CDM, Stainless-steel Plasticity as well as Adhesive Plasticity. Main research contributions include: Formulation, FEM implementation and benchmarking of Strain Space Plasticity for Plane-Stress, Plane Strain, Axi-symmetric as well as 3-D case. Both isotropic and kinematic hardening models have been implemented. Further, these implementations have been extended by coupling with Damage. Special illustrations have been made to practical situations involving constitutive modeling of Stainless-steel and structural-adhesive.

Having been running for over 10 years, the Clean Development Mechanism (CDM) is considered an innovative and successful mitigation initiative. CDM has the dual aims of helping industrialised countries achieve compliance with their emission limitation and reduction commitments in a cost-effective way, while simultaneously assisting developing countries in sustainable development. This thesis does a comprehensive analysis of the dual aims of CDM and is intended to assist in discussions about the post-2012 regime regarding CDM. To analyse the aim of assisting mitigation in a cost-effective way, the prices of certified emission reductions (CERs) on the international carbon market was studied and the provision of CDM was tested by comparing the amount of CERs with the mitigation commitments of the Annex I countries. It was found that CDM plays an important role in maintaining the international carbon price at a low level and that the total amount of CERs alone had already reached up to 52.70% of the entire mitigation commitments of industrialized countries by the end of 2010 and was continuing to grow before 2012. A theoretical analysis of the impacts of CDM showed that CDM has a double mitigation effect in both developing countries and industrialised countries, without double counting at present. A quantitative evaluation of the effects of China’s CDM projects on China’s total emissions showed that the contribution of CDM projects to limiting total emissions is small due to the dominance of fossil fuels, but CDM’s role in stimulating renewable energy is significant, e.g. about 11% of hydropower and 93% of wind power was generated by CDM projects in 2010. The results provide strong evidence in support of CDM’s contribution under the current Kyoto Protocol mitigation regime. To analyse the aim of promoting sustainable development in developing countries, popular methods such as checklist, Multi-Criteria Analysis (MCA) and Cost-Benefit Analysis (CBA) were reviewed, a CBA of co-benefits of China’s CDM projects was carried out, and the Analytic Hierarchy Process (AHP) method was applied in an experimental study. The results showed that every method has its own advantages and problems. In other words, neither the CBA of co-benefits nor the AHP method alone is able to assess sustainable development in a completely satisfactory way. Currently, a bottom-up approach through engaging local stakeholders in CDM design and approval, combining a mandatory monitoring and evaluation of co-benefits, could be more effective for safeguarding local sustainable development than any consolidated standards. The future of the CDM is still unclear mainly due to uncertainties about the post-2012 regime. This thesis shows that there is more than sufficient reason for CDM to continue after 2012. Industrialised countries in general should make more substantial efforts to reduce their domestic emissions rather than blaming developing countries. For developing countries, learning from the CDM projects and further applying the knowledge, technology and experiences to their domestic development agenda could be more valuable than the present CER revenues. CDM can be an important starting point for developing countries to gradually make incremental greenhouse gas (GHG) reduction and limitation efforts. / QC 20110817

Στην παρούσα διπλωματική εργασία αναπτύχθηκε τρισδιάστατο αριθμητικό μοντέλο με βάση την μέθοδο των πεπερασμένων στοιχείων για την προσομοίωση της μηχανικής συμπεριφοράς συνδέσεων με κόλλα πολύστρωτων πλακών. Το μοντέλο αναπτύχθηκε χρησιμοποιώντας το εμπορικό πακέτο πεπερασμένων στοιχείων ANSYS. Για την προσομοίωση της συμπεριφοράς της κόλλας χρησιμοποιήθηκαν δύο προσεγγίσεις: η μοντελοποίηση της ζώνης συνοχής και η μοντελοποίηση της βλάβης του συνεχούς μέσου. Οι δύο αυτές προσεγγίσεις συγκρίθηκαν τόσο ως προς την αξιοπιστία τους, η οποία καθορίζεται από την σύγκριση με πειραματικά αποτελέσματα, όσο και ως προς την ευκολία εφαρμογής τους, η οποία καθορίζεται από τα δεδομένα που απαιτούνται και τον υπολογιστικό χρόνο. Η σύγκριση των δύο μεθοδολογιών έγινε στην βάση της εφαρμογής τους για την προσομοίωση της μηχανικής συμπεριφοράς σε φόρτιση τύπου Ι σύνδεσης με κόλλα μεταξύ δύο ψευδοισότροπων CFRP πολύστρωτων πλακών. Το συγκεκριμένο πρόβλημα επελέγη διότι υπήρχαν διαθέσιμα πειραματικά αποτελέσματα προς σύγκριση στο Εργαστήριο. Οι πολύστρωτες πλάκες μοντελοποιήθηκαν χρησιμοποιώντας το στρωματικό στοιχείο του ANSYS SOLID185. Στο στοιχείο αυτό κάθε στρώση μοντελοποιείται ξεχωριστά ως ορθότροπο υλικό. Η εφαρμογή της μοντελοποίησης της ζώνης συνοχής έγινε μέσω της χρήσης του στοιχείου του ANSYS INTER205. Για την εφαρμογή της μοντελοποίησης της βλάβης του συνεχούς μέσου αναπτύχθηκε μακρο-ρουτίνα χρησιμοποιώντας την γλώσσα προγραμματισμού του κώδικα ANSYS. Τα αριθμητικά αποτελέσματα έδειξαν ότι και οι δύο μεθοδολογίες προσομοιώνουν με ικανοποιητική ακρίβεια την καμπύλη δύναμης-μετατόπισης της σύνδεσης. Σχετικά με την ευκολία εφαρμογής των δύο μεθόδων, η σύγκριση έδειξε ότι η μέθοδος της μοντελοποίησης της ζώνης συνοχής υπερτερεί έναντι της μεθόδου μοντελοποίησης της βλάβης του συνεχούς μέσου διότι απαιτεί μικρότερο αριθμό δεδομένων, μειονεκτεί όμως ως προς τον απαιτούμενο υπολογιστικό χρόνο. Και οι δύο μέθοδοι κρίνονται κατάλληλες για χρήση στην αριθμητική σχεδίαση συνδέσεων με κόλλα. / This work is based on the development of three-dimensional numerical model based on the finite element method to simulate the mechanical behavior of adhesive bonded joints in composite materials. The model was developed in finite element procedures under the framework of the commercial software ANSYS. To simulate the behavior of the adhesive used two approaches: the cohesive zone modeling (CZM) and the continuum damage modeling (CDM). These two approaches are compared both in terms of reliability, which is determined by comparison with experimental results, and applicability, which is determined by the parameters required and the computational time. The comparison between the two methodologies was the basis of their application to simulate the mechanical behavior under mode-I fracture behavior of adhesively bonded joints between two CFRP plates. This problem was chosen because there were experimental results to compare in the laboratory. The sandwich plates are modeled using the stromal element of ANSYS SOLID185. This item each layer separately modeled as orthotropic material. The adhesive is modeled using the interface element of ANSYS INTER205. For the purpose of modeling the failure of continuous medium developed macro routine using the programming language code ANSYS. The numerical results showed that both methodologies simulate sufficient precision the curve force-displacement of the connection. About applicability of the two methods, the comparison showed that the process of cohesive zone modeling outweighs the process of continuum damage modeling because it requires less number of parameters, but falls to the computational time. Both methods are suitable for use in numerical design of adhesively bonded joints.

The article reviews the experiences of programs to promote renewable energy in Southeast Asian countries and proposes some learned lessons that can be useful in the context of COP 20 to promote renewable energy.The article analyzes the rates and mechanisms of promotion used in countries such as India, Indonesia and Vietnam, that are led by the World Bank. These mechanisms are used as a legal basis that proposes successful tested alternatives and its usefulness is that renewable energies can be implemented within the current legal structure of international environmental law.In conclusion, it is the correct timing for the COP 20 to secure funds and international legal mechanisms that promote sustainable energy infrastructure. / El presente artículo revisa las experiencias de programas de promoción de energías renovables en países del sudeste asiático a fin de proponer algunas lecciones aprendidas que puedan ser útiles en el contexto de la Vigésima Conferencia de las Partes de la Convención Marco de las Naciones Unidas sobre el Cambio Climático (COP 20) para la promoción de las energías renovables. Asimismo, revisa las tarifas y mecanismos de promoción utilizados en India, Indonesia y Vietnam, impulsados por el Banco Mundial, como una base para proponer alternativas legales ya probadas. Su utilidad es que las energías renovables pueden ser implementadas dentro de la estructura legal actual del Derecho Ambiental Internacional, la COP 20 es el momento de asegurar fondos y mecanismos jurídicos internacionales que promueven una infraestructura energética sostenible.

Made available in DSpace on 2014-12-17T15:15:02Z (GMT). No. of bitstreams: 1 HumbertoSG_DISSERT.pdf: 1623099 bytes, checksum: 9db2624a800c722b68b561bc7a9bc747 (MD5) Previous issue date: 2013-04-01 / Coordena??o de Aperfei?oamento de Pessoal de N?vel Superior / Nesta disserta??o, uma revis?o sobre tr?s modelos cosmol?gicos n?o-padr?o do tipo Friedmann-Robertson-Walker s?o apresentados. O modelo !CDM, o g?s de Chaplygin generalizado e o modelo de brana de Dvali-Gabadadze-Porrati (DGP). Apresentamos tamb?m, tr?s testes estat?sticos utilizados em Cosmologia, cada um envolvendo uma vela padr?o diferente. Estes testes t?m como objetivo, vincular os diferentes par?metros de cada modelo e assim compar?-los com os dados observacionais mais atuais. Efetuamos o teste do m?dulo de dist?ncia de Supernovas do tipo Ia, atrav?s de 580 Supernovas do Union Compilation 2.1 (2011) [1]. A Fra??o de massa de aglomerados de gal?xias, onde utilizamos um conjunto de 52 aglomerados observados pelo CHANDRA (2009) [2] e a raz?o CMB/BAO, onde foram utilizados um conjunto de 6 picos de BAO do WiggleZ Dark Energy Survey (2011) [3]. Esses testes foram aplicados para cada um dos modelos apresentados. Verificamos que individualmente, os testes cosmol?gicos n?o s?o bons o suficiente para vincular modelos, criando espa?os param?tricos degenerados, necessitando de uma an?lise em conjunta dos testes para vincular os par?metros. OBS: N?o foi poss?vel efetuar a descri??o integral do resumo, devido o fato do sistema utilizado n?o aceitar os s?mbolos existentes. Desse modo, solicitamos que a visualiza??o desse elemento seja efetuada no arquivo da disserta??o.

O presente trabalho consistiu na produção de uma síntese sobre os principais aspectos do ciclo biogeoquímico do carbono, envolvendo aspectos recentes do efeito estufa na atmosfera, sendo também contextualizadas as políticas públicas e seus mecanismos sócio-econômicos; inserida num contexto atual, das mudanças climáticas, intimamente relacionadas à Convenção-Quadro das Nações Unidas sobre Mudança do Clima, Protocolo de Kyoto e Mecanismos de Desenvolvimento Limpo. Os ecossistemas terrestres prestam enorme contribuição de serviços ambientais ao homem na forma de oferta de água, alimentos e insumos gerais. Estes ganhos são sustentáveis na medida em que haja um equilíbrio estável entre a entrada e saída de certas variáveis. Ainda não se entende satisfatoriamente a funcionalidade dos ecossistemas naturais e sua plena interação com o clima, nas escalas local, regional e global; portanto, é uma responsabilidade social antecipar o entendimento dessa relação, antes que tudo se transforme. Não se sabe ao certo todas as conseqüências do aumento excessivo na temperatura terrestre, mas são esperadas alterações profundas em diversos ecossistemas, por exemplo: descongelamento das calotas polares e o conseqüente alagamento de regiões costeiras, alterações de intensidade e freqüência de chuvas, e alteração do metabolismo vegetal. São também previstas conseqüências na mudança das zonas climáticas e agrícolas e o desaparecimento de espécies sensíveis a esta mudança de temperatura. Procurando atingir o objetivo final da Convenção-Quadro das Nações Unidas sobre Mudança do Clima, em Kyoto – Japão, foi proposto o Protocolo de Kyoto, no sentido de possibilitar alcançar a estabilização das concentrações de gases de efeito estufa na atmosfera, num nível que não interfira perigosamente no sistema climático. Estabelece metas e prazos para controlar num primeiro esforço os principais gases de efeito estufa. Foram estabelecidos três mecanismos para auxiliar os países desenvolvidos no cumprimento de suas metas de redução ou limitação de emissões de gases de efeito estufa. Um desses mecanismos foi definido como Mecanismo de Desenvolvimento Limpo - MDL, sua implementação interessa particularmente aos países em desenvolvimento, pois permitirá a transferência de recursos e tecnologias para a redução de emissões. Neste contexto, exigi-se da classe cientifica respostas mais precisas e rápidas do entendimento de todos os processos envolvidos. O acompanhamento de projetos é importante, gerando informações para análises técnicas, científicas, sociais, ambientais e econômicas, que serão demandadas nas futuras negociações relativas à mitigação da mudança do clima. / The present work intends to present a synthesis of the information which is distributed in several areas. It approaches the main aspects of the global carbon cycle, including the recent greenhouse effect in the atmosphere, also including the political argumentation and the socioeconomic mechanisms associated. The work also brings a critical revision of the framework related to the United Nations Framework Convention on the Climate Change, the Kyoto Protocol and the Clean Development Mechanism. The terrestrial ecosystems provide enormous contribution of environmental services to the human beings in terms of water, foods, and general inputs supplies. The sustainability of this provision relies on the maintenance of the input/output equity of matter and energy throughout time. There is still no clear understanding of the natural ecosystems functioning and their interactions with climate in a broad perspective, from local to regional and global scales. Therefore it is a social responsibility to anticipate the understanding of this relation, before everything changes. The effects on the ecosystems of the temperature increase in the Earth surface are not fully understood, but strong changes are expected and some are already being measured in several ecosystems, for instance: mountain glaciers and the ice cap in the North Pole are declining, with foreseeable consequences of increasing sea level and flooding of coastal areas; changes in the cycle and intensity of rain events; changes in plant metabolism and distribution of agricultural species, interfering in food production and safety. The Kyoto Protocol was proposed aiming to achieve the objectives of the United Nations Framework Convention on the Climate Change, building the legal and political background for the Nations to lessen and stabilize the concentrations of greenhouse gases in the atmosphere. The Protocol established mechanisms for reduction and mitigation of greenhouse gases emissions including developed and developing countries. In terms of economical and technological gains, the Clean Development Mechanism – CDM, was one of the proposed mechanism of the Kyoto Protocol, which is particularly interesting to the developing countries. This mechanism allows resources and technologies transference for the reduction of GHG emissions in developing countries. In this context, the scientific community is an important component to bring more precise and fast answers to the understanding of all of the processes related to the actual influence of the Human kind in the planet.

Made available in DSpace on 2014-07-29T15:08:20Z (GMT). No. of bitstreams: 1 dissertacao joao carlos pre textuais.pdf: 617522 bytes, checksum: bb07bb21bb4875ee05bd7e833ba62c51 (MD5) Previous issue date: 2009-02-10 / This work presents a case analysis of energetic harnessing in a piggery, based on the use of biogas generated from pig sewage. The analysis shows that the energy from the biogas produced in the farm processes can be partially used through Clean Development Mechanisms (CDM) in order to improve the system efficiency. The utilized process presents environmental and economical benefits as carbon emissions are reduced and their credits can be traded. Moreover, an economic analysis of alternatives for biogas use was carried out taking into account technical, environmental and financial aspects. The case study was realized on a piggery farm in the south-west of the Goiás State where the economical viability of each of the presented alternatives was analyzed considering the following: total burning of biogas; generation of electrical energy; heating; or the combined heat and power generation (CHP). / Este trabalho apresenta a análise de um caso baseado no aproveitamento do biogás gerado a partir de rejeitos de suínos. A análise mostra que a energia do biogás produzido nos processos da granja pode ser parcialmente aproveitada através de mecanismos de desenvolvimento limpos (MDL) com a finalidade de aumentar a eficiência energética do sistema. O processo utilizado apresenta benefícios ambientais e econômicos, já que as emissões de carbono são reduzidas e seus créditos podem ser negociados. Uma análise econômica de alternativas de geração energética do biogás é também apresentada, considerando-se aspectos técnicos, ambientais e financeiros. O estudo foi realizado em uma granja no sudoeste do estado de Goiás, e analisa a viabilidade de cada uma das alternativas apresentadas para o aproveitamento energético do gás, que são: queima total do biogás; geração de energia elétrica; aquecimento; ou a combinação de aquecimento e geração de energia elétrica.

A presente pesquisa teve como objetivo identificar a incidência de impactos econômicos no patrimônio das empresas brasileiras, chinesas e indianas provocados pela mensuração e reconhecimento ao valor justo dos ativos provenientes de Reduções Certificadas de Emissões (RCEs) geradas em seus processos produtivos, com a implementação de projetos de Mecanismos de Desenvolvimento Limpo (MDLs), durante o período de 2005 a 2012. Consideraram-se os estímulos oferecidos com as diretrizes do Protocolo de Quioto e a representatividade de implementações de projetos de MDLs da China, da Índia e do Brasil, para apresentar, com base em pesquisas descritiva, analítica e quantitativa, uma proposta de mensuração contábil das RCEs, capaz de evidenciar os fluxos futuros de seus benefícios econômicos, partindo-se do modelo de Ratnatunga, Jones e Balachandran (2011). Para tanto, trabalhou-se com a hipótese de que as RCEs não estão sendo mensuradas ao valor justo enquanto ativo, fato este que tem inviabilizado a evidenciação dos efeitos patrimoniais dos fluxos de caixa futuros. Descreveu-se a teoria da mensuração contábil como suporte ao valor justo; discutiu-se os padrões contábeis existentes nos países mencionados e as principais características que envolvem as adoções das International Financial Reporting Standards (IFRSs) em cada um deles, com foco na mensuração contábil ao valor justo, aceita pelo International Accounting Standards Board (IASB). As orientações contábeis internacionais emanadas para contabilização das RCEs foram apresentadas para analisar o cenário atual de desenvolvimento do tratamento contábil atribuível ao ativo em questão. Assim, detectou-se que a mensuração das RCEs tem sido pouco discutida. Sugeriu-se que com a efetivação do registro dos projetos de MDLs junto ao Conselho Executivo da United Nations Framework Conference on Climate Change (UNFCCC), as RCEs passem a ser reconhecidas ao valor justo e como ativos intangíveis desenvolvidos internamente por parte das entidades hospedeiras dos projetos de MDLs, em contrapartida ao Patrimônio Líquido (PL), até o momento de sua realização. A base para mensuração do valor justo proposta foi os valores de mercados ativos. Em função do lapso temporal que estarão gerando benefícios econômicos, realizou-se projeção financeira sobre as quantidades potenciais constantes estimadas de Reduções Esperadas (REs) para todo o período de desenvolvimento das atividades dos projetos, utilizando-se uma taxa Euribor para desconto de seus valores futuros ao presente. De posse dessas variáveis, os valores justos das REs de 31 projetos de MDLs brasileiros, 379 chineses e 318 indianos, foram projetados sobre o valor do PL de 15 empresas brasileiras, 56 chinesas e 183 indianas componentes da amostra da pesquisa, com apoio do teste estatístico não-paramétrico Wilcoxon. Os resultados da pesquisa forneceram indícios de que a mensuração ao valor justo das RCEs, e seu reconhecimento enquanto ativo intangível, poderia ter representado um impacto positivo no grupo de contas patrimoniais das empresas participantes da pesquisa. Assim, a aplicabilidade empírica da mensuração ao valor justo das RCEs embasada em discussões teóricas já existentes, possibilitou a realização de avaliações desse ativo enquanto item patrimonial capaz de gerar efeitos econômicos positivos no patrimônio das entidades localizadas em países em desenvolvimento, durante a primeira fase do Protocolo de Quioto. / This research aimed to identify the incidence of economic impacts on equity of Brazilian, Chinese and Indian companies caused by the measurement and recognition at fair value of the assets from Certified Emission Reductions (CER) generated in their production processes, with the implementation of Clean Development Mechanisms (CDM) projects from 2005 to 2012. It was considered the incentives offered to the guidelines of the Kyoto Protocol and the representativeness of CDM projects implementation of China, India and Brazil, to present, based on descriptive, analytical and quantitative research, a proposal for accounting measurement of CER, able to enhance the future flows of its economic benefits, based on the Ratnatunga, Jones and Balachandran (2011) model. Therefore, it worked with the hypothesis that the CER are not measured at fair value as assets, a fact that has made impossible the disclosure of balance sheet effects of future cash flows. It was described the theory of accounting measurement as support at fair value. It was discussed existing accounting standards in those countries and the main characteristics that involve the adoption of International Financial Reporting Standards (IFRS) in each of them, focusing on accounting measurement at fair value, accepted by the International Accounting Standards Board (IASB). The international accounting guidelines issued for accounting of CER were presented to analyze the current scenario of development of the accounting treatment attributable to the asset. Thus, it was found that the measurement of CERs has been little discussed. It was suggested that with the realization of the registration of CDM projects with the Executive Council of the United Nations Framework Conference on Climate Change (UNFCCC), CER start to be recognized at fair value as intangible assets developed internally by the host entities of CDM projects, in contrast to Equity, until the moment of its realization. The basis for measuring fair value proposition was the values of active markets. Depending on the time gap that will generate economic benefits, a financial projection on potential constants estimated quantities of Expected Reductions (ER) for the whole period of development of project activities was carried out, using a Euribor rate to discount their future values to the present. With these variables, the fair values of ER from 31 Brazilian CDM projects, 379 Chinese and 318 Indians were simulated on the value of equity of 15 Brazilian companies, 56 Chinese and 183 Indian components of the survey sample, with test support statistical non-parametric Wilcoxon. The survey results provided evidence that the fair value measurement of CER, and its recognition as an intangible asset, could have represented a positive impact on the group balance sheet accounts of the participating research companies. Thereby, the empirical applicability of the fair value measurement of CER grounded in existing theoretical discussions, made it possible to carry out assessments of this asset as a heritage item capable of generating positive economic effects on equity of entities located in developing countries, during the first stage of the Kyoto Protocol.

Com base na Nova Economia Institucional, o foco desta pesquisa foi o de identificar os custos de transação existentes nos projetos de MDL (Mecanismo de Desenvolvimento Limpo) e investigar se eles são barreiras para o desenvolvimento do projeto, e se podem afetar a eficiência de projetos já implantados. Mais especificamente, foram analisadas as variáveis que afetam as diferenças entre as reduções de emissões estimadas nos projetos de MDL e as reduções realmente verificadas (Sucesso de Redução - SR), depois do projeto implantado e monitorado. A fim de cumprir esse objetivo, esta pesquisa contou com levantamento de dados secundários relativos aos projetos de MDL realizados em todo o mundo, e dados primários relativos aos projetos brasileiros de MDL. A análise das informações mostrou que os países mais relevantes em número de projetos são Índia, China, Brasil, mas este ranking se altera dependendo da variável analisada (por exemplo, volume de emissão reduzida ou estimada). Os setores mais relevantes em volume de redução são de HFC, N2O, mas este perfil se altera quando analisado o número de projetos, ficando em primeiro lugar biomassa, hidroelétrica e energia eólica. Em relação ao SR, a maior parte dos projetos não apresenta eficiência satisfatória. No entanto, em volume de reduções a maior parte dos projetos cumpre mais que 91% de SR. Os setores mundiais mais eficientes são N2O e HFC (Brasil N2O e troca de energia fóssil), e os setores de resíduos sólidos e agricultura (Brasil, agricultura e resíduos sólidos) são os menos eficientes. Finalmente, esta pesquisa conclui que custos de transação afetam o sucesso da redução de MDL, e os mais importantes são os custos ex-ante, resultantes de problemas de falhas de informação (como, por exemplo, problemas com as organizações que intermedeiam o processo dos MDLs) e problemas de mensuração (problemas relacionados com metodologias dos MDLs). / Based on the New Institutional Economics, the focus of this research was to identify transaction costs in CDM projects (Clean Development Mechanism) and investigate if they can affect project efficiency, and also if they create project development barriers. More specifically, this research analyzed the variables that could affect the differences between CDM estimated emission reduction projects and actual reductions obtained (Reduction Success - RS) after the project has been implemented and monitored. To fulfill this goal, this research included a secondary global CDM projects data survey, and primary data survey related to Brazilian CDM projects. Data analysis showed that the most important countries in terms of number of projects are India, China, Brazil, but depending on the variable analyzed (for instance, emission reduction volume) this ranking could change. The most relevant sectors in emission reduction volume were HFCs, N2O, but this would change when we analyze number of projects, where biomass would come first, followed by hydroelectric and wind energy. When considering RS, most projects do not show satisfactory performance. However, in terms of emission reductions amount, most of the projects achieve more than 91% RS. The most efficient sectors in the world are HFC and N2O (in Brazil, N2O and fossil fuel), and the least efficient sectors are solid waste and agriculture (in Brazil, agriculture and solid waste). Finally, this research concludes that transaction costs affect the success of CDM reductions, and the most relevant are ex-ante costs, resulting from information problem gaps (these problems relate to parties involved in the CDM process) and measurement problems (CDM methodologies).