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Key recent developments in the CDM and JI

Key recent developments in the CDM and JI. Joint Coordination Workshop Bonn, Germany, 24-25 March 2012. Andrew Howard, UNFCCC secretariat. Overview. The mechanisms today Priorities of CDM Executive Board Improvements and directions in the CDM Standardization and upscaling

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Key recent developments in the CDM and JI

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  1. Key recent developments in the CDM and JI Joint Coordination Workshop Bonn, Germany, 24-25 March 2012 Andrew Howard, UNFCCC secretariat

  2. Overview • The mechanisms today • Priorities of CDM Executive Board • Improvements and directions in the CDM • Standardization and upscaling • Consolidation and clarification • Extending the reach of the mechanism • Priorities of the JI Supervisory Committee • Improvements and directions in Joint Implementation

  3. The mechanisms today • Pioneering market instruments with years of experience • Regulatory framework added to over time • Ongoing focus on environmental integrity • Complementary focus on efficiency, clarity, extending reach of the mechanisms, engaging with stakeholders • Durban removed legal uncertainty on post-2012 CDM and JI • Emerging market systems will change the market • Emphasis on making the mechanisms “fit for the future” • Many new regulatory aspects adopted recently – focus is now on ensuring their robust implementation

  4. CDM priorities • Greater integrity, efficiency and enhanced predictability • Simplification • Improved objectivity • Ensuring timely processing of submissions • Expansion of the CDM’s reach and reputation • Further regulatory developments • Improved outreach • Measures to promote regional distribution

  5. CDM improvements – standardization and upscaling • Operationalizing standardized baselines • Implementation of the guidelines for their establishment • Further guidelines to expand their applicability • QA/QC guidelines for data • Procedures for their submission and consideration by the Board • Modalities to support underrepresented countries • Clarified and simplified POA guidance • Standard for additionality, eligibility criteria, multiple methodologies • Sampling standard for reliability requirements and sampling methods • First-of-its-kind and common practice guidelines

  6. CDM improvements – consolidation and clarification • New consolidated documents • Project Standard • Validation and Verification Standard • Project Cycle Procedure • 40 old procedures, guidelines and clarifications now withdrawn • Related guidelines and forms now revised or generated • More consolidation this year on methodologies procedures • Ongoing revision of accreditation standards and procedures • Upcoming work to guide application of materiality

  7. CDM improvements – extending its reach • Simplified procedures for microscale renewable projects qualifying for automatic additionality • Guidelines on suppressed demand • Incorporation into methodologies • Upcoming improvement of the guidelines • Top-down methodologies development for low-CDM regions • Operationalizing the loan scheme • Support for development, validation and first verification • Implementing agency now getting established

  8. JI priorities • JISC objectives • Greater efficiency, clarity and usability • Promotion of the mechanism • Contribute to future development of JI • Revised review procedures to strengthen electronic decision-making and accelerate process • Revised guidance on baseline setting and monitoring • DFP Forum now established • JISC finances now stable (new fees, new project volume) • Major focus – new model design for future JI

  9. www.unfccc.int/cdm www.unfccc.int/ji

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