Clean Development Mechanism

Briefings
14 Jun 2019

Carbon markets 101 – the ultimate guide to global offsetting mechanisms

Introduction This briefing gives an overview of the current discussions under Article 6 of the Paris Agreement which establishes the foundation for market-based climate measures after 2020. It lays out key lessons from the Kyoto Protocol markets, highlights essential issues within the Article 6 negotiations, and provides recommendations on how to solve them. It concludes…

Letters
4 Dec 2018

Open Letter to UNFCCC Heads of Delegations on Ending the CDM

Dear UNFCCC Head of Delegation, The Paris Agreement adopted in 2015 marked a groundbreaking evolution in the global ambition to fight climate change. It also makes clear that a radical shift is required to move beyond the Clean Development Mechanism (CDM). We, representing 99 organizations from around the world, are therefore calling upon you to…

News
By Gilles Dufrasne on 14 Sep 2018

UN market negotiations: Will we learn from the past?

The divide between countries on key elements of the new UN carbon markets have become apparent at the last UNFCCC session which closed last week in Bangkok. Open questions around the transition of old markets and how to ensure that carbon offsets do not water down climate ambition are set to continue during COP24, when major rules of the Paris Rulebook are expected to be finalised in December in Katowice, Poland.

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News
By CAN International on 6 Sep 2018

The New Article 6: We Know What We Need (ECO: UNFCCC SB48)

Market negotiations resumed at full speed in Bangkok, with new text being published after only one day of negotiations. Parties are feeling the pressure now that COP24 is looming. We’ve started the session by hearing lists of priorities for items that could not be postponed to 2019 (assuming  that not all issues could be resolved…

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Briefings
31 Aug 2018

Reconciling CORSIA and the Sustainable Development Mechanism

Executive Summary The Paris Agreement breaks away from the division of “developed” vs. “developing” countries which was enshrined in the Kyoto Protocol. It sets a new dynamic which will inevitably impact the next generation of carbon markets. It further sets new objectives for these mechanisms, such as contributing to overall mitigation of global GHG emissions and…

Opinion
By Gilles Dufrasne on 31 Aug 2018

Withdrawn UN advert shows why carbon offset scheme should be scrapped

The United Nations (UN) climate agency released a video this week mocking lifestyle changes, such as reducing meat consumption and flying, to promote the use of highly controversial credits to offset emissions. The video “Keep calm and offset” has since been removed, but inadvertently points to the main problems with offsetting, a concept that creates the illusion…

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Opinion
By Aki Kachi on 23 Nov 2017

UN carbon markets: Have we exchanged enough views already?

Far from the sandy beaches of the South Pacific, the 23rd UN climate talks (COP23) was a mostly dreary endeavour in the grey of November in Bonn. The negotiations on the Paris Agreement’s market provisions, the Article 6, moved the process an itsy bit forward, while still leaving all the critical issues open to further…

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News
By Aki Kachi on 25 Oct 2017

On Kyoto, Paris, and carbon markets

In less than two weeks, Parties will meet again in Bonn at a UN climate conference for another round of negotiations to prepare for the adoption of the rules to implement the Paris climate change agreement. What role will markets have in how the world works to limit global warming to 1.5C?   Although observers…

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News
By Kelsey Perlman on 28 Sep 2017

CDM credits not fit to meet Paris goals – study

A recent study by Stockholm Environment Institute (SEI) looking at credits issued under the UN offsetting measure, the Clean Development Mechanism, warns governments against using them to meet their pledges under the Paris Agreement. In the past, when judging the quality of an offsetting project, most people looked at questions such as: is the methodology used to…

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