Corresponding Adjustments in the Carbon Markets
Nov 11, 2022
A #COP27 PD Forum presentation by Andreas Reger at ClimatePartner
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).
A #COP27 PD Forum presentation by Andreas Reger at ClimatePartner
Amended Articles of Association - October 2022
The Project Developer Forum (PD Forum) acknowledges the huge amount of work, discussion and engagement undertaken by the IC VCM over the past months. The PD Forum shares the IC VCM’s goal of delivering “high-quality carbon credits that create real, additional and verifiable climate impact with high environmental and social integrity”.
Given the lack of information, we can only assume the purpose of permitting VCUs to be traded as crypto instruments is to encourage speculative retail investment in the carbon market. Some of PD Forum members are excited by the possibility of increased demand for VCUs, but others are concerned that the risks (of encouraging retail investment) will outweigh the benefits.
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