News

SUMMARY OF THE EXPERT DISCUSSION ON UPDATING AND TRANSFORMING CDM METHODOLOGY FOR ARTICLE 6

On March 11, 2021, Perspectives Climate Group (Perspectives) and the Swedish Energy Agency (SEA) organised an expert discussion on transforming CDM methodologies for use in an Article 6 context. Moderator Axel Michaelowa (Perspectives) introduced the objective of the expert discussion, which was to discuss key findings of the recently published study ‘CDM method transformation’ by Perspectives, First Climate and Climate Focus and to reflect on the development of carbon market methodologies for Article 6 cooperation. In this process, CDM methodologies can provide a starting point for the development of Article 6 methodologies as they are the most important body of carbon market methodologies existing to date and were built upon and referred to in other domestic and international carbon market standards and systems. Developing methodologies is a costly and time-consuming exercise. Building on the experience gathered in the past 20 years is important to ensure carbon market activities can mobilize finance and safeguard environmental integrity in the near term.

Read more here.