The study features a vital overview of the govt constructions and the project-based additionality regulations, and explores the use of different, standardised approaches to atmosphere baselines and assessing additionality. It additionally appears to be like at new sectoral marketplace mechanisms as a substitute to the CDM, and evaluates the approval processes used for initiatives underneath Joint Implementation monitor 1.
Director-General for Climate Action Jos Delbeke has made the following remark: “While the Clean Development Mechanism carries nice promise in turning in cost-effective greenhouse gasoline emission discounts in growing nations, it has additionally given upward thrust to criticisms and issues about some assignment classes.
Despite some development made, additional reforms of the CDM are vital. I due to this fact warmly welcome the resolution through the UNFCCC and the CDM Executive Board to start up a high-level coverage discussion about the long run of the CDM. The study on more than a few facets of the CDM, which we provide nowadays, can give input to those discussions.
Depending on the consequence of this coverage discussion, we might believe additional motion in Europe to doubtlessly limit the use of positive assignment classes, like we did previous this 12 months for commercial gasoline credit.”