CDM Policy Dialogue
At its sixty-third meeting, the CDM Executive Board launched a policy dialogue to review past CDM experience and help ensure the readiness and positioning of the mechanism to meet the challenges of the post-2012 period.
According to its terms of reference,the policy dialogue's mandate was to produce recommendations on “how to best position the CDM to respond to future challenges and opportunities and ensure the effectiveness of the mechanism in contributing to future global climate action, based on a wide-ranging assessment of experience, benefits and shortcomings of the CDM and engagement with civil society, policymakers and market participants.”
The panel released its recommendations in September 2012 by urging nations to intervene forcefully to address the crisis in the carbon market and substantially increase their level of ambition when it comes to reducing greenhouse gas emission
To address shortcomings and improve the CDM's reputation and performance in the future, the Panel recommended fundamental reforms of the CDM's operating procedures.
In formulating its recommendations, the high-level panel commissioned a wide-ranging research programme addressing 22 topics across three main areas: the impact of the CDM to date; the governance and operations of the CDM; and the future context in which the CDM could operate.The research reports can be seen here.
Research area: Impact
Research area: Governance
Research area: Future context
Summary of financial and accounting issues relating to the functioning of the CDM
Summary of CDM policy dialogue stakeholder meetings (30.10.2012)
Strengths and weaknesses of the CDM in comparison with new and emerging market mechanisms
Exploring the complementarities between the Green Climate Fund and the CDM
Assessing the impact of the CDM on sustainable development and technology transfer
The role of the CDM in future trading of credits from avoided emissions
Evaluating the CDM in a changing world: The global economy and emissions since 1997
Linking the CDM with new and emerging carbon markets
Should REDD+ be Included in the CDM?
Scenarios for the global carbon markets
Mapping of criteria set by DNAs to assess sustainable development benefits of CDM projects
It also organized a stakeholder consultation programme holding dozens of formal and informal meetings around the world. The panel officially presented its report at the sixty-ninth meeting of the CDM Executive Board in Bangkok.
An independent panel was assigned to engage civil society, policymakers and market participants in a dialogue that was launched during the UN climate change conference in Durban, South Africa.
|Mr. Luciano Coutinho
|Ms. Maggie L. Fox
|Mr. Ross Garnaut
|Mr. Prodipto Ghosh
|Ms. Yolanda Kakabadse
|Ms. Joan MacNaughton
|Ms. Margaret Mukahanana-Sangarwe
|Mr. Paul Simpson
|Mr. Nobuo Tanaka
|Mr. Mohammed Valli Moosa
|Ms. Changhua Wu
The Board launched a call for public inputs on issues to be addressed in the dialogue, including external forces affecting the CDM, future challenges it can be expected to face, and opportunities and possible directions for its future use and development.
The inputs, and a summary of them, were shared with the high-level panel on the CDM policy dialogue.
High-level panel's final report
on the CDM policy dialogue
Summary reports in
the UN official languages