August 2019 - The Kyoto Protocol’s Clean Development Mechanism, created to help industrialized countries achieve their emission reduction obligations, becomes devoid of meaning with no future commitment period on the horizon. This, in turn, could render its operations defunct. However, the end of a commitment period does not end the eligibility of countries to engage in the mechanism.
The Paris Agreement, while designed as the centralized platform to coordinate and trace climate action internationally, does not seem to claim exclusivity. In the absence of a long-term regulatory perspective for the Kyoto Protocol, it is for Parties and the governing bodies of both treaties to plan and manage the transition from the Kyoto environment into the Paris environment. A new study on behalf of the Federal Ministry of Environment, Nature Conservation and Nuclear Safety (BMU) provides insightful precedence for how a transition of the CDM – if supported by Parties – could be managed.