Revision with unchanged content. As global climate change and related issues become increasingly pressing for humanity, the search continues for ways to effectively cope with this crisis. One of the most controversial and challenging areas in this circumstance is the relationship between developed and developing countries, where global leaders continue efforts to reach compromise that ensures a sustainable and equitable future. At the heart of this debate lies the Kyoto Protocol’s Clean Development Mechanism (CDM). In this book, the author examines South-North equity in climate change mitigation and assesses what effect the CDM may be having. The study begins with an innovative approach to placing the CDM in the international development theory landscape. From this context, the author examines the architecture of the CDM and assesses assumptions about equity that are implicit in it. Attention is then turned to emerging CDM operations data and trends, which are used as the basis for assessing present and potential effects of the CDM on South-North equity in climate change mitigation. This book is addressed to scholars and professionals interested in climate change governance and South-North international development issues generally. It is also a helpful resource for potential CDM investors and stakeholders.