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Transitioning elements of the Clean Development Mechanism to the Paris Agreement

The discussion paper identifies a number of regulatory elements, overarching processes and procedures along the CDM project cycle and elements of the CDM institutional framework that may, to a large extent, be used for the Article 6.4 mechanism, but that require significant revisions and updates. The CDM rules for baseline-setting and additionality demonstration appear to a much lesser extent transferable to the Article 6.4 mechanism or may need to be considerably restricted in their use. The establishment of the new Article 6.4 mechanism provides an opportunity to take on board the considerations and discussions of the CDM reform process and to implement an improved governance structure for the supervisory body.

Date: December 2019

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