Article 6 of the Paris Agreement establishes three approaches for Parties to cooperate in achieving their nationally determined contributions (NDCs). One of these approaches is a new mechanism "to contribute to the mitigation of greenhouse gas emissions and support sustainable development" (Art. 6.4 (a)). This mechanism is to succeed the Kyoto Protocol's Clean Development Mechanism (CDM) from 2021 onwards. It will contain decisive improvements, especially with regard to a robust accounting of emission reductions and better integration into the national climate policy of the host country.
Governments are currently negotiating detailed rules for the implementation of this mechanism. The aim of this project has been to contribute to the development of these rules by analysing a range of design questions such as:
The current report "Design Options for the New International Market Mechanism under Article 6.4 of the Paris Agreement" published in the Climate Change series of the German Environment Agency (Umweltbundesamt, UBA) develops specific recommendations for each of these questions. It is addressed to the international experts and in particular to the delegates and observes at the United Nations climate conferences.