Operationalising the Article 6.4 mechanism
Options and implications of CDM activity transition and new activity registration
This paper identifies and analyses options for the design of the Article 6.4 mechanism
in two key areas. These are the possible transition of eligible activities registered
under the Kyoto Protocol’s Clean Development Mechanism (CDM) to the Article 6.4 mechanism;
and the registration of new activities under the Article 6.4 mechanism. The paper
outlines possible transition options and potential implications for four issues relating
to host Party approval of activities and to the use, review and revision of baseline
methodologies and accreditation standards. The paper also highlights the steps needed
to register new or transitioned activities under the Article 6.4 mechanism, and how
co-ordination between different actors can facilitate a transition. The paper concludes
that there are options available to ensure that the Article 6.4 mechanism can be implemented
within a few years of a formal agreement on the rules, modalities and procedures for
Article 6, and can build on the significant experience gained with the CDM. The paper
highlights different ways that this CDM experience can be built on, and outlines the
varying administrative and environmental implications of doing so.
Published on May 31, 2021
In series:OECD/IEA Climate Change Expert Group Papersview more titles