Publications

Carbon market mechanisms

intlmarketmex International market mechanisms after Paris Nov 2016 - The purpose of this paper is to identify the main goals and aims of the international carbon market, take into account the general context and environment for carbon markets under the Paris Agreement, identify and discuss the main issues of the relevant paragraphs and analyse issues of the interaction and relationship of the provisions including synergies and conflicts. The paper aims at facilitating the discussion among UNFCCC parties while, given the dynamic nature of the topic, it can obviously only be a snapshot of the current status of the discussions.
ecbi Two Unconventional Options to Enhance Multilateral Climate Finance Oct 2016 - NewClimate Institute contributed to a policy brief on ‘Two unconventional options to enhance multilateral climate finance’ under the European Capacity Building Initiative (ecbi).
8 Impacts of the Clean Development Mechanism Nov 2015 - This focus study presents a quantitative assessment of the mitigation impact of the CDM that occurs as a side effect of the current depressed market conditions. The annual net mitigation impact of the CDM in 2014 is in the order of 480 MtCO2e and thus might have reduced global emissions by approximately 1% in 2014
CMR3-2015 Where do they go from here? Analysing the status quo of CDM projects Oct 2015 - The situation of project activities, and domestic and international capacities related to the CDM, have noticeably deteriorated following the recent decline of the market conditions. However, a major information gap exists regarding the actual status of individual CDM projects worldwide, as well as their current barriers and required means for the continuation of these projects. In order to close this gap, a large representative sample of projects were evaluated individually in a recent study to extract insights and lessons regarding national situations, technology-specific considerations, and the CDM as a whole.
Connectingthedots Connecting the dots – Results-based financing in climate policy Aug 2015 - This study clarifies the definition of results-based financing (RBF) and in particular its role in the context of climate policy. The publication is aimed at readers from the carbon markets and climate finance communities alike. It facilitates a common understanding of what RBF as a financing modality involves and is therefore meant to also be a good starting point for readers looking into this topic for the first time.
Carbon Pricing Carbon market mechanisms in future international cooperation on climate change Jun 2015 - This discussion paper provides an overview of the development of the international carbon market mechanisms and emerging domestic carbon pricing systems, and lays out three distinct but potentially complementary options for market mechanisms in a future climate change agreement. Options for narrowing the emissions gap before 2020 using market mechanisms are also explored.
CDM evaluation Analysing the status quo of CDM projects May 2015 - This research conducted by NewClimate Institute and Ecofys on behalf of the German Federal Ministry for Environment, Nature Conservation, Building and Nuclear Safety (BMUB), seeks to address major gaps in the current understanding regarding the status of individual CDM projects worldwide, as well as the barriers and means for supporting the continuation of these projects.
New Climate Institute in Carbon Mechanisms Review Use and build on what you have: Is a bilateral process suited to testing sectoral approaches that are based on the CDM? Nov 2014 - The international carbon market is in a state of transition, moving away from project-based carbon market mechanisms like the Clean Development Mechanism (CDM) towards new international mechanisms which have yet to be defined and finalised.
energypolicy Beyond pure offsetting: Assessing options to generate Net-Mitigation-Effects in carbon market mechanisms May 2014 - Carsten Warnecke, Sina Wartmann, Niklas Höhne, Kornelis Blok
This research analysed the question if approaches for carbon market-based mechanisms exist that allow the generation of net emission reductions in host countries while keeping project initiation attractive. We present a criteria-based assessment method and apply it for four generic options in existing mechanisms and derive implications for future mechanism frameworks.
New Climate Institute - Forum China starts trading carbon Feb 2014 - Christian Ellermann, Constanze Böning
This article explains the nature of the new pilot greenhouse gas emission trading schemes (ETS) in China, as well as the significance of their introduction. By moving towards the allocation of emission rights through market mechanisms, the government is signalling that it is addressing climate change seriously and that it wishes to be compared to Europe and the most progressive regions of North America that have also adopted emissions trading. However, the authors also argue that a transition to a more important role for markets in the area of energy and the environment is still in its very early stages.