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Carbon Mechanisms Review

Specialist Magazine

Carbon Mechanisms Review (CMR) is a specialist magazine on CDM/JI and new market mechanisms. The magazine is published by the Wuppertal Institute for Climate, Environment and Energy on behalf of the German Environment Ministry.

Carbon Mechanisms Review critically appraises developments on the Carbon Markets and contributes to the debate with analysis, opinion articles and backgrounders. The focus is not restricted to CDM/JI and other project-based approaches such as Japan’s bilateral offsetting mechanism. Further topics include the new market mechanisms, (market-based elements of) nationally appropriate mitigation actions (NAMAs), and emission trading schemes worldwide. This is covered with a blend of editorial articles and guest contributions from highly regarded authors in the subject area.

CMR appears quarterly and can be obtained free of charge.

CMR 2-2017: Pulling together – Public and private finance for climate change mitigation

May 2017 – This ‚Innovate4Climate’ special issue of the Carbon Mechanisms Review covers both carbon markets and climate finance topics, featuring, inter alia, an interview with Karsten Sach, member of the GCF Board, giving his views on the status of the fund, the interdependencies with the CDM, and the interplay with NDCs. The issue also presents four short opinion pieces on the future of the voluntary carbon market. more

CMR 1-2017: Wanted: Real Progress

February 2017 - This issue of the Carbon Mechanisms Review analyses the outcomes of the Marrakech climate summit and looks at the Carbon Market negotiations ahead. Also in this issue, the possible transition of CDM activities, credits, rules and institutions to the Paris Agreement architecture is analysed. The issue also features, among other things, the situation concerning the voluntary carbon market under the new Paris architecture as well as an initiative to set up a regional carbon pricing scheme in the Caribbean. more

CMR 4-2016: Confrontation or Convergence?

November 2016 - This issue of the Carbon Mechanisms Review looks at the Parties' proposals for the rulebook of Art. 6 Paris Agreement. The contributors to this Review also report, among other things, on how the CDM can be meaningfully used for results-based finance and what progress the idea of a possible EU-internal project mechanism has made. Furthermore,  two commentaries on the recent aviation emissions deal are presented. more

CMR 3-2016: From Kyoto to Paris

September 2016 - The latest issue of the Carbon Mechanisms Review features a number of articles on initiatives paving the way for the transition of the market mechanisms of the Kyoto world into the new Paris framework. This holds especially true for the Nitric Acid Climate Action Group initiative (NACAG), launched by Germany at the Paris climate summit, which is presented in the cover feature of the issue. Further, on the occasion of the 39th ICAO assembly which is to decide on the organisation’s global market-based mechanism, an analysis on provisions to avoid double counting in ICAO’s offsetting mechanism is presented. more

CMR 2-2016: Towards Implementation

This issue of the Carbon Mechanisms Review deals with the implementation period of the Paris Agreement ahead. The authors take up the results of the intercessional meeting in Bonn in May and look at the tasks ahead on the road to Marrakech. They also take a renewed look at the question of sustainable development benefits, which has been given greater emphasis in Article 6. Further, they explore ways for the Green Climate Fund to make use of the CDM and report on the support needs of Parties when combining the use of market mechanisms with NDCs. more

CMR 1-2016: The Dawning of a New Era

April 2016 - To the surprise of many, the negotiations at the Paris Climate Summit ended with a general agreement on the use of international cooperation mechanisms, enshrined in Article 6 of the Paris Agreement (PA). While not explicitly mentioning Carbon Markets, Article 6 enables market-based approaches in several ways, covering the needs of all Parties in engaging in international cooperation. One distinct new feature is that the cooperative approaches are open to all Parties for use on a voluntary basis. This issue of the Carbon Mechanisms Review describes and analyses the Paris outcome with respect to its Carbon Market provisions. more