The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
The synthesis report on carbon pricing approaches summarizes the present situation and offers insights into the possible future of carbon pricing in West Africa. It buttresses the continued importance of support from carbon pricing initiatives, included from the Collaborative Instruments for Ambitious Climate Action (CI-ACA) Initiative and reaffirms its dedication …
The Clean Development Mechanism (CDM) under the Kyoto Protocol to United Nations Framework Convention on Climate Change (UNFCCC) provides an opportunity for the Indian power sector to earn revenue through the reduction of greenhouse gas emissions (GHG), particularly carbon dioxide (CO2). India has tremendous potential for CDM projects. Power generation …
This brief explores two different types of carbon markets: baseline-and-credit mechanisms, which are primarily structured around offsetting and enable trade in certified emissions reductions between countries and companies (an example being the Clean Development Mechanism –CDM); and cap and trade schemes or emissions trading systems (ETS), which are based on …
Much of the implementation guidelines of the Paris Agreement have been finalised. However, negotiators at COP26 still need to resolve a few outstanding issues, including devising the implementation guidelines for Article 6. Article 6 of the Paris Agreement permits voluntary cooperation between Parties to allow for higher ambition in mitigation …
This publication provides insights on deliberations regarding the Clean Development Mechanism (CDM) transition and implications for Asia and the Pacific, in preparation for the 26th Conference of Parties (COP26). This publication aims to increase knowledge and understanding of the CDM transition along with its relevance to economies in the Asia …
Rules for the implementation of Article 6 of the Paris Agreement are still under negotiation at the international level, with a key focus on reaching consensus at COP26 in Glasgow. This report aims to inform this policy making process. It explores three key unresolved issues that are closely interrelated and …
The transition of CERs issued under the CDM for use by Parties towards their NDCs is a key outstanding issue for Article 6 negotiations at the UNFCCC. To inform the ongoing negotiations, we set out estimates of the potential CER supply by two groups of modelling teams, from research institutes …
This paper is based on analytical work previously conducted by NewClimate Institute, Öko-Institut, Mitsubishi UFJ Research and Consulting Co., Ltd., and IGES. The transition of certified emission reductions (CERs) issued under the Clean Development Mechanism (CDM) for use by Parties towards their nationally determined contributions (NDCs) is a key outstanding …
The world is facing an existential threat. But it is also clear that without equity, ambition is not possible. The ongoing CoP25 must not duck this question any further says Centre for Science and Environment in its new position paper "COP 25: What the world must do" Centre for Science …
This paper assesses whether and how national and multinational credit purchase facilities have supported Clean Development Mechanism (CDM) projects that are vulnerable to the risk of discontinuing GHG abatement. Improving the understanding of the impact that the credit purchase facilities have had in supporting the continuation of emission reductions for …
The International Civil Aviation Organisation is in the process of finalising the design of a scheme – the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) – to address carbon dioxide emissions from international aviation. In this discussion paper estimate the potential supply of carbon offset credits to meet …
The CDM has by now become an established mechanism for crediting climate friendly projects. Projects involving displacement or saving of grid electricity must calculate their emission reductions based on a grid emission factor, which needs to be determined in accordance with the rules set by the CDM Executive Board. Central …
The UNFCCC has 24-years of experience of communications of national reports since their first submission. However, the author of this report, with 20-years experience of being involved in the review process, is concerned that the current system of pursuing transparency and completeness is not sufficient to promote the enhancement of …
An hour east of Johannesburg, on the rolling highveld plains, six massive cooling towers sit around two belching smokestacks. The Kendal power station (pictured) is among the world’s largest, producing 4.1 gigawatts (GW) from burning coal. A few kilometres down the road there is another coal-fired plant, Duvha, which is …
African countries have set ambitious targets for their nationally determined contributions (NDCs), but the resources needed to realise these goals exceed available domestic and international public finance. Thus, measures that direct private funding to climate investments are needed. This brief summarises key insights regarding the role of the private sector …
The Clean Development Mechanism (CDM) is the world‘s largest greenhouse gas (GHG) offsetting mechanism to date. Although its future after 2020 is uncertain, policy-makers are currently considering the use of Certified Emission Reductions (CERs) from emission reductions delivered in the period up to, and including, 2020. In this context, it …
Asia and the Pacific is home to more than 60% of the world’s population and 62% of the global economic output. But the region still faces enormous development challenges and with economic growth, it has become a major source of greenhouse gas (GHG) emissions. This has exposed Asia and the …
This technical note offers guidance and identifies options for developing baselines for scaled-up crediting programs under the Paris Agreement. Establishing baselines is partly a technical, methodological challenge, but the biggest uncertainties arise from unresolved questions regarding international rules under Article 6 of the Paris Agreement, as well as how crediting …
This report details a study on whether countries should use certified emission reductions – or CERs – to achieve post-2020 targets under the Paris Agreement. The Clean Development Mechanism is the world’s largest greenhouse gas crediting mechanism and will continue to issue CERs until 2020. Countries are considering using those …
The Asian Development Bank (ADB), in a report launched, has proposed the creation of national green financing vehicles to catalyze environmentally and financially sustainable infrastructure investments in Asia and the Pacific. The report, titled Catalyzing Green Finance: A Concept for Leveraging Blended Finance for Green Development, highlights the constraints for …
