Carbon Market Watch recommendations for the review of the modalities and procedures for the Clean Development Mechanism

Carbon Market Watch argues for the phase-out of the Clean Development Mechanism (CDM) by the end of the second Kyoto commitment period, recommending that project registration cease by COP24 in 2018. The organization advocates for the establishment of a CDM grievance mechanism and institutional safeguards to protect human rights and the environment, noting that the CDM currently lacks the accountability mechanisms found in other international financial institutions. Additionally, it calls for strengthened civil society participation in stakeholder consultations and the implementation of measures to prevent double counting of credits used under ICAO's CORSIA scheme and nationally determined contributions.

• The Clean Development Mechanism (CDM) should be phased out by the end of the second Kyoto commitment period, with credit issuance and usage stopping by the end of the true-up period in 2023.
• New CDM project registration should stop as of COP 24 in Poland in 2018 due to an oversupply of registered credits and limited demand for offsets to meet pre-2020 pledges.
• The CDM lacks an accountability mechanism compared to other major climate finance mechanisms and international financial institutions; therefore, a robust grievance mechanism and institutional safeguard system should be established under the UNFCCC.
• Local stakeholder consultation processes in the CDM are insufficient because project developers and Designated Operational Entities lack clear guidance, and current rules often defer to poor national regulations.
• Provisions are necessary to prevent the double claiming of CDM units used within the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and under host countries' nationally determined contributions.

APA

Carbon Market Watch (2017). Carbon Market Watch recommendations for the review of the modalities and procedures for the Clean Development Mechanism. https://carbonmarketwatch.org/wp-content/uploads/2017/05/CMW_Reccs_CDMreview_SBI46_2017.pdf

Chicago

Carbon Market Watch. Carbon Market Watch recommendations for the review of the modalities and procedures for the Clean Development Mechanism. 2017. https://carbonmarketwatch.org/wp-content/uploads/2017/05/CMW_Reccs_CDMreview_SBI46_2017.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Carbon Market Watch recommendations for the review of the modalities and procedures for the Clean Development Mechanism |date=2017 |url=https://carbonmarketwatch.org/wp-content/uploads/2017/05/CMW_Reccs_CDMreview_SBI46_2017.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2017carbon, author = {{Carbon Market Watch}}, title = {{Carbon Market Watch recommendations for the review of the modalities and procedures for the Clean Development Mechanism}}, publisher = {Carbon Market Watch}, year = {2017}, url = {https://carbonmarketwatch.org/wp-content/uploads/2017/05/CMW_Reccs_CDMreview_SBI46_2017.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }