CDM
CDM
- June 7, 2021
- Northmore Gordon
A mechanism for non-Annex 1 countries to create carbon credits under the Kyoto protocol and sell those to Annex 1 countries to meet their Kyoto commitments. The tradeable instrument is known as a certified emission reduction (CER). The Kyoto commitment period ended 31 December 2020. The CDM is not formally recognised under the Paris Agreement and all new CERs are classified as provisional as at 1 Jan 2021. There is an expectation that a decision around the future of the CDM will be decided at COP26. There is still demand for CERs in the voluntary markets.
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What is the Clean Development Mechanism (CDM)?
The CDM is a mechanism that allows non-Annex 1 countries to create carbon credits under the Kyoto Protocol and sell those credits to Annex 1 countries to help them meet their Kyoto commitments.
What tradeable instrument is generated under the CDM?
The tradeable instrument generated under the CDM is known as a certified emission reduction (CER).
When did the Kyoto commitment period end?
The Kyoto commitment period ended on 31 December 2020.
Is the CDM recognised under the Paris Agreement?
No, the CDM is not formally recognised under the Paris Agreement.
What is the status of new CERs as of 1 January 2021?
As at 1 January 2021, all new certified emission reductions (CERs) are classified as provisional.
When was a decision on the future of the CDM expected?
There was an expectation that a decision around the future of the CDM would be decided at COP26.
Is there still demand for CERs despite the CDM's uncertain status?
Yes, according to the page, there is still demand for CERs in the voluntary markets.
Which company published this glossary entry on the CDM and when?
The glossary entry on CDM was published by Northmore Gordon on June 7, 2021.
