The future of the CDM

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Jun 112009

On 8 June 2009 at the UNFCCC negotiations in Bonn, my friend Heleen de Connick asked me to jump in for another colleague as respondent on an ECN panel  on “Confluence or convolution of mechanisms, technology and finance: how can streams meet in Copenhagen?”. In my response to Stefan Bakker’s presentation on “The Future CDM”, I pointed out, among other things, that:

– CDM projects in developing countries and Annex I action alone will not be enough to halve global emissions by 2050 and reach a global peak of emissions before 2020 – both important thresholds to keep a worldwide temperature increase below 2 degrees Celsius, as science suggests
– sectoral approaches in rapidly developing countries are an innovative step forward fitting into the concept of low-carbon development strategies including three types of Nationally Appropriate Mitigation Actions (NAMAs): unilateral action, conditional action and participation in the carbon market (crediting)
– CDMs should not be abandonned but continue to play a role in sectors not covered by sectoral approaches and in least developing countries
– the CDM can be improved; one particularly valuable suggestion is to go from project-based approval to a positive list of actions (or programmatic CDM) in order to speed up the process and make it more transparent

You can find an On-Demand webcast of the side event here

CCAP Discusses Views of Carbon Offsetting in the U.S. at Copenhagen Carbon Markets Insights Conference

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Apr 022009

from CCAP Newsletter 

On March 18, 2009, Alexander Ochs, CCAP’s director of international policy, discussed “Views on Carbon Offsetting in the United States” at Point Carbon’s Carbon Market Insights Conference in Copenhagen, Denmark.“International offsets like the Clean Development Mechanism (CDM) and domestic offsets will likely play an important role in any future U.S. cap and trade program,” Ochs told delegates from around the world. “However, it is important to understand that offsets are only one mechanism that U.S. lawmakers are currently considering in their effort to contain the cost of a federal carbon market. There is also a certain contradiction in the debate between lowering the cost of mitigating emissions on the one hand, and not wanting to send money oversees to make our competitors’ economies more efficient.”Ochs agreed with co-panelist Peter Zapfel from the European Commission that the CDM alone is not sufficient for reducing rapidly growing greenhouse gas emissions in the developing world. “Major emitters like the developing countries China and Mexico must contribute more to the solution than simply offsetting reduction commitments made elsewhere — and they are willing to do so,” Ochs said. “Sectoral commitments for energy-intense industries are the next important step on the staircase to a full integration of these countries into the global carbon market.”

You can find my presentation here: ochs-futureofoffsetsinus_carbonmarketinsights2009.pdf