Research Report (June 2019): Transition pathways for the Clean Development Mechanism under Article 6 of the Paris Agreement. Options and implications for international negotiatorsDOWNLOAD
Report Title: Transition pathways for the Clean Development Mechanism under Article 6 of the Paris Agreement. Options and implications for international negotiators
In March of this year, Ecoeye requested the Germany-based climate policy research institute, Perspectives Climate Group, to conduct a research on the transition of Kyoto-based CDM to the Article 6 of the Paris Agreement.
The key objective of the study is to provide an assessment of the possible pathways for the CDM transition under the Paris Agreement's Article 6, describing their practical implications and impacts on the global CDM portfolio, as well as its potential eligibility under the Paris Agreement.
The findings of the study, analyzed alongside different levels of stringent transition criteria, identified four pathways and will inform international negotiators and private stakeholders on the possible impacts on the markets for CDM credits at a global scale.
The report contains the following:
- Overview of the current status of international negotiations on Article 6
- CDM at the global and domestic levels
- CDM transition arguments
- Market mechanisms under Article 6 of the Paris Agreement and their key design elements
- Current negotiation status regarding items that are critical for the CDM transition
- Pathways for the transition of the CDM under the Paris Agreement and the expected volume of Article 6 eligible CERs
- Practical implications of the CDM transition and case studies