The Project Developer Forum (PD Forum) is a collaborative association and collective voice of companies and practitioners that are developing and financing greenhouse gas (GHG) emission reduction projects in all regions of our globe.
The accumulation of in-depth technical knowledge and broad experience that our members have with global instruments such as the Clean Development Mechanism (CDM), Voluntary Standards and Climate Finance, as well as with country specific initiatives, make PD Forum a unique platform and stakeholder for discussions around the reform of existing, and the creation of new policies and mechanisms to mitigate climate change. Based on our long term experience we are analysing the development of the rules and procedures arising from the Paris Agreement for new Sustainable Development Mechanisms under Article 6 and we are informing how these regulations may fit to Nationally Determined Contributions (NDC) and Voluntary Carbon Markets (VCM).
This document highlights shortcomings in the Gill-Wiehl et al 2024 literature review titled “Pervasive over-crediting from cookstove offset methodologies.” The Project Developer Forum, along with non-member carbon project developers, have reviewed the research and identified substantial concerns
Expectations were high leading up to COP28, with many awaiting progressive outcomes on the implementation of policies and new market mechanisms as emphasised in the Paris Agreement's Article 6 Rule book. However, these negotiations faced significant challenges with major disagreements among the parties on the market, non-market-based market mechanisms, and their transparencies. Despite some setbacks, the COP28 members showed keen interest in addressing the credibility and quality issues identified in the voluntary carbon markets.
In recent years and in the era of data and technology increasingly used and accepted in the carbon market, there has been a new service introduced throughout the climate sector called Project Rating. This well-intended business activity introduced a parallel assessment process to the existing certification cycle in order to rate projects’ ERR results ex-post or ex-ante.
COP 26 in Glasgow introduced the new concept of corresponding adjustments (CA) into carbon markets. The Art. 6 rules prescribe that corresponding adjustments need to be implemented for all authorized carbon credits under the Art 6. cooperative approaches. This means that – as all countries now have nationally determined commitments for emission reductions and removals – any sales of Art.6 carbon credits need to be reflected in the national inventories of the respective countries engaged in cooperative approaches.
We hold weekly calls on Wednesdays at 1 pm GMT. Call-in details and agenda are distributed before the call. Minutes are sent out shortly after the call.
We have a flexible working group structure, depending on the current regulatory and market issues.
