Carbon Market Watch submission to SBSTA on the Sustainable Development Mechanism

Following the precedent of the Kyoto Flexible Mechanisms – the Clean Development Mechanism (CDM) and Joint Implementation (JI) – the Paris Agreement established a new ‘mechanism to contribute to the mitigation of greenhouse gas emissions and support sustainable development’. The new mechanism bears some similarity to the CDM and JI, but will function in a radically changed world where Parties have committed to a new 1.5 C degree target, longer term deep de-carbonization, and a new climate regime in which all Parties make a variety of contributions.

In elaborating the rules, modalities and procedures of the new mechanism, it is essential that Parties flesh out a mechanism that accomplishes three key goals:

  • Foster higher ambition for climate action;
  • Ensure environmental integrity; and
  • Contribute to sustainable development and uphold human rights

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Submission PDF (English)