During the first Kyoto commitment period, the Clean Development Mechanisms (CDM) emerged to be the global currency for emissions trading. In the project "The Role of CDM and Offsets as Part of Future Carbon Markets", the project team of the Wuppertal Institute and Adelphi analysed both the existing mechanisms and the new developed emission trading systems in other countries. Therefore, differences and similarities are presented in the final report, as well as the motivations for the development of new decentralised offset-systems.
The report "The Clean Development Mechanism and Emerging Offset Schemes: Options for Reconciliation" is available on the website of the Federal Environment Agency. For further information, please visit the project description.