During its 86th meeting held in Bonn from October 12 to 16, the Executive Board of the Clean Development Mechanism (CDM) agreed on a range of changes to the Mechanism’s rules and processes, with the aim of streamlining and simplifying it.
Starting point was the concept note presenting proposals for streamlining the CDM, which was initially published as an annex to the agenda of the meeting. The concept note grouped the proposals in four sections according to the main project stages: development and validation, registration, post-registration changes and monitoring, verification and issuance. In its final decision, the Board accepted some of the proposals presented in the concept note, such as streamlining the methodology development, revision and clarification processes; allowing voluntary update and change of methodology after registration and increasing flexibility in changes to the start date of the crediting period.
As the annex pointed out, efforts to simplify and streamline the CDM have been led in recent years to address growing requests by stakeholders, governments and other bodies of the UNFCCC. “We expect that these changes will reduce both the time and the costs associated with processing CDM projects, while at the same time safeguarding environmental integrity,” declared CDM Executive Board Chair Lambert Schneider. The changes were specifically meant to enhance flexibility and reduce the costs associated with the procedure of validation and registration of activities, as well as of monitoring emissions.
Following the path towards simplification, the Board welcomed the platform for voluntary cancellation of CERs and provided the Secretariat with guidance for updating it. The platform has been launched in September 2015 in order to facilitate access and cancellation of Certified Emission Reductions (CERs) in the CDM registry. In particular, the platform allows general public to purchase the cancellation of CERs, to offset polluting activities or prevent any further use, and thus helping to move the society closer to global climate neutrality.
The Board also considered a concept note detailing proposed changes to the way of consulting CDM stakeholders. A group of EB members was requested to examine proposals on this issue and report back at the next meeting, to be held in November in Paris.
More options for streamlining CDM are on track, and the Board invited the Secretariat to prepare or revise concept notes on various issues, mainly on methodologies and guidelines for simplifying procedures. As the report of the meeting underscored, additional scope for simplification particularly lies on specific programmes of activities. However, further analysis is needed to establish the conditions under which an exemption on the standard procedures would be suitable. The agreed changes will be implemented in 2016, once integrated the additional proposals for simplification.
[Image: June 2009, Photo Credit: Ainhoa Goma/Oxfam International on Flickr]