The existing pipeline of CDM activities can be considered both a liability and an opportunity for the Paris Agreement. A liability because finding a perspective for UN-approved CDM activities with crediting periods beyond the Kyoto Protocol is central to ensuring the credibility of the new central mechanism created under Article 6.4. It is however also an opportunity, because the existing pipeline of CDM activities may be ideally placed for scaling up mitigation action quickly and effectively under the Article 6.4 mechanism, and potentially also under the new, international cooperative approaches referred to in Article 6.2.
The Transition Initiative by Climate Focus and Koru Climate seeks to analyze options for taking elements of the CDM forward and provide a platform for interested governments and stakeholders to discuss and then refine them.
