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 is a summary of what we, as project developers, have understood from the text regarding the
Art6.4 mechanism and the transition of the CDM (Clean Development Mechanism).
In this paper we elaborate our position regarding the future of voluntary markets as new rules and regulations are appearing in the compliance market (Paris Agreement and the modalities and procedures for the Article 6.4 mechanism), as well as the voluntary standards and markets (e.g. Verra and Gold Standard) and other compliance schemes such as CORSIA.
We would like to commend the SBTi on your efforts to consult and discuss the future of the net zero carbon market, and build momentum of increased ambition for the market. During these years, the understanding of all stakeholders in the voluntary carbon market (VCM), including PD Forum members, has evolved, naturally so, from the time of the COP in Paris to the start of the Paris Agreement era.
In October 2019, the German Emissions Trading Authority published a discussion paper on GHG emission reductions credit supply (DEHSt, 2019)1.
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.
