Why CDM projects do not qualify for GCF finance

Carbon Market Watch asserts that the Clean Development Mechanism (CDM) cannot be accredited for Green Climate Fund (GCF) finance because it fails to meet GCF's mandates for new financial resources and lacks the necessary environmental and social risk management systems, including grievance mechanisms.

• The GCF's mandate to provide 'new, additional, adequate and predictable financial resources to developing countries' precludes the purchase of stranded offset credits from existing CDM projects.
• Investing GCF funds in CDM projects would be an inefficient use of resources because many implemented projects lack additionality, meaning the credits may not represent real emission reductions.
• The CDM is currently ineligible for GCF accreditation because it lacks the required environmental and social safeguards, specifically the ability to assess and monitor risks and the existence of a grievance mechanism.
• For the CDM to access future climate finance, it must undergo a reform process to implement advanced safeguard systems and ensure environmental integrity by excluding projects that invest in fossil fuels or lack additionality.

APA

Trunk, U. (2014). Why CDM projects do not qualify for GCF finance. Carbon Market Watch. https://carbonmarketwatch.org/2014/10/29/why-cdm-projects-do-not-qualify-for-gcf-finance/

Chicago

Trunk, Urska. Why CDM projects do not qualify for GCF finance. Carbon Market Watch, 2014. https://carbonmarketwatch.org/2014/10/29/why-cdm-projects-do-not-qualify-for-gcf-finance/.

Wikipedia

{{cite press release |last1=Trunk |first1=Urska |title=Why CDM projects do not qualify for GCF finance |publisher=Carbon Market Watch |date=29 October 2014 |url=https://carbonmarketwatch.org/2014/10/29/why-cdm-projects-do-not-qualify-for-gcf-finance/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{trunk2014why, author = {Trunk, Urska}, title = {{Why CDM projects do not qualify for GCF finance}}, publisher = {Carbon Market Watch}, year = {2014}, month = oct, url = {https://carbonmarketwatch.org/2014/10/29/why-cdm-projects-do-not-qualify-for-gcf-finance/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }