Proposal for Using Kyoto Credits in Paris Deal: ONLY for First NDC (First Pledge Under Paris)

Published by UNFCCC Nov. 12, 2021:

XI. Transition of clean development mechanism (of the Kyoto Protocol) activities [and use of certified
emission reductions towards first NDCs]
A. Transition of clean development mechanism activities

  1. Project activities and programmes of activities registered under the clean development mechanism under Article
    12 of the Kyoto Protocol (CDM) or listed as provisional per the temporary measures adopted by the Executive
    Board of the CDM may transition to the mechanism and be registered as Article 6, paragraph 4, activities subject
    to all of the following conditions:
    (a) The request to transition the CDM project activity or programme of activity being made to the secretariat
    and the CDM host Party as defined per decision 3/CMP.1 (CDM host Party), by or on behalf of the project
    participants that were approved by that CDM host Party by no later than 31 December 2023;
    (b) The approval for such transition of the CDM project activity or programme of activity being provided to
    the Supervisory Body by the CDM host Party by no later than 31 December 2025;
    (c) Subject to (d) below, the compliance with these rules, modalities and procedures, and any further relevant
    decisions of the CMA, including on the application of a corresponding adjustment consistent with
    decision X/CMA.3 (Guidance relating to cooperative approaches referred to in Article 6, paragraph 2)
    and relevant requirements adopted by the Supervisory Body;
    (d) The activity may continue to apply its current approved CDM methodology until the earlier of the end of
    its current crediting period or 31 December 2025, following which, it shall apply an approved
    methodology pursuant to chapter V. B (Methodologies);
  2. The Supervisory Body shall ensure that small-scale CDM project activities and CDM programme of activities
    undergo an expedited transition process in accordance with decisions of the Supervisory Body by prioritizing
    the requests to transition from such activities following the approval in paragraph 83(b) above.
    B. [CER use towards first or first updated NDCs
  3. Certified emission reductions (CERs) issued under the CDM may be used towards achievement of an NDC in
    accordance with the following conditions:
    (a) The CDM project activity or CDM programme of activities was registered on or after [1 January
    [2013][2016];
    (b) The CERs shall be transferred to and held in the mechanism registry and identified as pre-2021 emission
    reductions;
    (c) The CERs may be used towards achievement of the first NDC only;
    (d) The CDM host Party shall not be required to apply a corresponding adjustment consistent with decision X/CMA.3 (Guidance for cooperative approaches referred to in Article 6, paragraph 2) in respect of the CERs and not be subject to the share of proceeds pursuant to chapter VII above;
    (e) CERs not meeting the conditions in (a)-(d) above may only be used for achievement of an NDC in
    accordance with a future decision of the CMA.
    (f) Temporary CERs and long term CERs shall not be used towards NDCs. ]

Link: https://carrzee.org/2021/11/12/new-article-6-4-draft-suggests-share-of-proceeds-at-5/

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