Letter to UNFCCC negotiators ahead of BKK intersession

Carbon Market Watch advocates for a single mechanism under Article 6 of the Paris Agreement to replace Kyoto Protocol mechanisms and prevent the use of CDM credits post-2020. To ensure the aviation sector's use of offsets does not hinder global mitigation, the organization proposes a ratchet mechanism on NDC scope, rules to prevent double counting via corresponding adjustments, and a 50% discount rate on offset credits. Additionally, it recommends establishing detailed rules for local stakeholder consultations and a grievance mechanism to protect communities from project-related adverse impacts.

• Carbon Market Watch argues for the cessation of Kyoto Protocol mechanisms by prohibiting the use of Clean Development Mechanism (CDM) credits after 2020 and the establishment of a single mechanism under Article 6 to support economy-wide in-sector emissions reductions.
• To prevent the aviation sector's reliance on offsets from undermining domestic mitigation, the organization proposes implementing a ratchet mechanism on NDC scope, corresponding adjustments to avoid double counting, and a 50% discount rate on all offset credits.
• The document recommends the implementation of a grievance mechanism and detailed rules for local stakeholder consultations to protect communities from the adverse local impacts of mitigation projects.

APA

Carbon Market Watch (2018). Letter to UNFCCC negotiators ahead of BKK intersession. https://carbonmarketwatch.org/publications/letter-to-unfccc-negotiators-ahead-of-bkk-intersession/

Chicago

Carbon Market Watch. Letter to UNFCCC negotiators ahead of BKK intersession. 2018. https://carbonmarketwatch.org/publications/letter-to-unfccc-negotiators-ahead-of-bkk-intersession/.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Letter to UNFCCC negotiators ahead of BKK intersession |date=31 August 2018 |url=https://carbonmarketwatch.org/publications/letter-to-unfccc-negotiators-ahead-of-bkk-intersession/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2018letter, author = {{Carbon Market Watch}}, title = {{Letter to UNFCCC negotiators ahead of BKK intersession}}, publisher = {Carbon Market Watch}, year = {2018}, month = aug, url = {https://carbonmarketwatch.org/publications/letter-to-unfccc-negotiators-ahead-of-bkk-intersession/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }