The end of 2020 marks a fundamental change in the global governance of greenhouse gas emissions with the shift from the Kyoto Protocol era to that of the Paris Agreement. This also has implications for the future role and the feasible models of the voluntary carbon market.

This paper assesses whether and how national and multinational credit purchase facilities have supported Clean Development Mechanism (CDM) projects that are vulnerable to the risk of discontinuing GHG abatement.

The International Civil Aviation Organisation is in the process of finalising the design of a scheme – the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) – to address carbon dioxide emissions from international aviation.

The Clean Development Mechanism (CDM) is the world‘s largest greenhouse gas (GHG) offsetting mechanism to date. Although its future after 2020 is uncertain, policy-makers are currently considering the use of Certified Emission Reductions (CERs) from emission reductions delivered in the period up to, and including, 2020.

This discussion paper explores key issues and options to ensure robust accounting of international transfers from market mechanisms under Article 6 of the Paris Agreement. The paper first provides an overview of key issues that must be addressed to ensure robust account and highlights approaches to address them.

This discussion paper estimates the potential supply of certified emission reductions (CERs) from projects registered under the Clean Development Mechanism (CDM) for the period 2013 to 2020.

This study forms part of a broader project, supported by the German Environment Agency (Umweltbundesamt, UBA), with the primary objective to analyse the current situation and development of the international carbon markets.

The Paris Agreement includes Article 6 with several provisions, which allow for the use of the international carbon market. In this paper, Cooperative Approaches (CA, Art. 6.2-3) and the Mechanism for Sustainable Development and Mitigation (MSDM, Art.