Publication - The CDM Legal Context Post-2020: Discussion Paper
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The CDM Legal Context Post-2020: Discussion Paper
Climate Focus & Atlas (Environmental Law Advisory)
Moritz v. Unger, Sandra Greiner & Nicole Krämer
This discussion paper addresses the continuity question for the Clean Development Mechanism (CDM) post 2020. First, to set the context, it provides a snapshot of today’s CDM practice across the globe, in particular concerning its use by domestic emissions trading schemes and transnational mitigation initiatives. Second, it assesses the legal horizon for the CDM within the Kyoto Protocol after 2020, when the Protocol’s second commitment period has expired. Third, it discusses continued CDM operations – and transition scenarios for the mechanism – from the perspective of the Paris Agreement.