Publication: Considerations for CDM Methodology Concepts to Article 6.2
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2024-08-01
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2024-08-01
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The Clean Development Mechanism (CDM) under the Kyoto Protocol has seen the development of over 250 project-based methodologies for establishing baseline emissions, assessing additionality, monitoring project activities, and measuring & verifying emission reductions. The implementation of these methodologies over the years has provided valuable experiences and lessons that could inform baseline-setting methods under Article 6 of the Paris Agreement (PA) to ensure environmental integrity, increased mitigation ambition, and the achievement of Nationally Determined Contributions (NDCs). In this context, this approach paper delves into components of CDM methodologies that require reassessment for the transition from the Kyoto to the Paris regime. It draws from past CDM experiences to identify useful insights that can be applied to the new toolkit. It identifies the key risks (over-crediting/overselling and risk of perverse incentives) that need to be addressed, and crucial elements (ratcheting up of ambition) that need to be considered for robust Article 6 baseline-setting that aligns with new requirements under the Paris Agreement. Overall, the paper concludes that while the portfolio of CDM methodologies can serve as a reference, baseline setting under Article 6 must go beyond the CDM baseline determination method that relies on historical practices and take a forward-looking approach that considers NDC targets and trajectories and ambition-raising.
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“World Bank. 2024. Considerations for CDM Methodology Concepts to Article 6.2. Article 6 Approach Paper Series;. © World Bank. http://hdl.handle.net/10986/41988 License: CC BY-NC 3.0 IGO.”
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