Archive of October 2014

Escaping from the CDM doldrums – CER purchase above market prices and conversion of CDM into NAMAs 30 October 2014 @ 05:15 pm - 07:15 pm Room RZ F 21 ETH Zurich, Clausiusstrasse 59, Zurich

For over two years, the market price for credits from the Clean Development Mechanism (CDM) has remained below 1 Euro/CER, leading to freezing of CDM projects, bankruptcies of CDM developers, legal fights on validity of contracts and a rapid loss of market know how. This is due to a variety of reasons, not least lack of CER demand from industrialized countries. Given this bleak situation, various ways are explored to prevent that all experience from the CDM vanishes. While the UNFCCC Secretariat tries to mobilize new demand for CERs, including from the voluntary market, some governments have set up programmes acquiring CERs at a premium. Moreover, the concept of Nationally Appropriate Mitigation Actions (NAMAs) is seen as “lifeboat” by some CDM market players who want to mobilize NAMA financing to continue activities that started under the CDM. Our workshop discusses which of these paths are most promising to keep critical CDM expertise alive and whether they might reinforce each other. 

With the contribution of Niclas Svenningsen, UNFCCC Secretariat; Adrian Rimmer, Gold Standard; Matt Spannagle, DelAgua; Matthias Honegger, Perspectives; Markus Ohndorf, ETH Zürich.

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