In Doha Parties also heatedly discussed which countries should have access to carbon credits from Kyoto Protocol mechanisms (CDM, JI and AAUs). While many developing countries strongly advocated that the use of these mechanisms should remain the privilege of countries which commit to binding targets in the second commitment period, some developed countries that were …

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This policy brief, based on SEI research for the High-Level Panel of the CDM Policy Dialogue, shows how large-scale power supply projects may undermine the value and integrity of the CDM and proposes transitioning away from them. It recommends that 1) the CMP and the CDM Executive Board should consider steps to graduate large-scale power supply projects from the CDM, such as ceasing registrations and crediting period renewals of these projects; 2) buying countries should consider disallowing purchase of CERs from large-scale power supply projects after a certain date and/or credit vintage; and 3) countries should support mechanisms other than project-based offsets to promote lower-carbon power