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clean development mechanism (cdm)

In order to control climate change, do we need to unlock CERs?

September 27, 2012 by David Hone
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CO2 Illustration via Shutterstock

Two recent publications highlight the challenges ahead in the multilateral process that continues to seek an equitable global approach to the issue of growing CO2 emissions. But comparing and contrasting them illustrates the contradictions that exist as negotiators attempt to maintain existing structures and work within the spirit of the...[read more]

In The ‘Crazy’ World Of Carbon Finance, Coal Now Qualifies For Emission Reduction Credits

September 20, 2012 by Joseph Romm
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A coal train, or a load of CDM carbon credits?In a decision criticized as “unfortunate” and even “insane” by onlookers, the United Nations has decided that new coal plants are eligible for carbon credits under the Clean Development Mechanism (CDM).The CDM is a trading platform set up by the UN that allows developed countries to obtain...[read more]

Is the UN Clean Development Mechanism now increasing emissions?

September 19, 2012 by David Hone
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Recently the Executive Board of the UNFCCC’s Clean Development Mechanism has (re)agreed to allow energy efficient coal fired power plants to be included under the mechanism. While it is always good to use a resource more efficiently, this move has potentially negative consequences for the very issue it is setting out to address, a reduction in the total emissions of CO2 to the atmosphere.[read more]

A new market mechanism from the UNFCCC

May 31, 2012 by David Hone

While much of the focus in the recent UNFCCC meeting in Bonn was on the protracted discussion around agenda and chair for the ADP (Ad-Hoc Working Group on the Durban Platform for Enhanced Action), some progress was made in other meeting rooms. On the middle Saturday a workshop was held for initial discussions around the call for a “New market Mechanism” (NMM). So far, the discussion has tended to focus on the crediting of mitigation activities in developing countries, such as the role performed by the CDM. But a new mechanism must fill a much broader role.[read more]

The Curious Case of HFC-23

November 10, 2010 by NRDC Switchboard

A small group of carbon offset projects under the climate treaty is reaping billions of dollars in windfall profits while worsening both global warming and depletion of the ozone layer, according to an NRDC report we’re issuing today at the meeting of the parties to the Montreal Protocol in Bangkok, Thailand.  The report proposes...[read more]

The price may not be right!

October 19, 2010 by David Hone
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Last year I argued in a post that the EU-ETS price was fine (at that time it had slipped to some €8 in the depths of the recession) in that it reflected the market circumstances of the day and needless to say the system would still deliver the targeted reduction by 2020. A year is a long time in a recession and although the price has recovered somewhat and in any case the 2020 target will be met, the current circumstances of the ETS may not be right at all. It is now pretty clear that by the start of Phase III there will be a considerable banked surplus of allowances in the system. The actual number varies depending on who calculates it, but it would seem to be somewhere between 800 million and 1.4 billion allowances. It means that not a great deal of effort will have to be expended to meet the Phase III targets and that it is unlikely any transformational change in power infrastructure will actually take place – save for meeting the renewables target. The Netherlands is even seeing 4 GW of unabated coal come into the mix.[read more]

Tiering the System Apart?

May 22, 2010 by Climatico Analysis

The Clean Development Mechanism (CDM) seeks to deliver emission reductions in developing countries whilst providing sustainable development, training, technology and finances. In return, developed countries are able to offset their own emissions by receiving Certified Emission Reductions (CERs): the currency of the CDM. But,...[read more]

All Change – CDM Awaits Much Needed Attention

March 15, 2010 by Climatico Analysis

The body charged with the administrative oversight of the United Nations’ Clean Development Mechanism (CDM) is showing signs that a critical transition in the technical framework may be coming. The CDM Executive Board (EB); currently the judge, juror and executioner of the Kyoto Protocol’s cornerstone carbon offsetting mechanism, could...[read more]