The Transition Controversy

From Kyoto to Paris – the transition of the "Clean Development Mechanism" (CDM) into the world of the Paris Climate Agreement is one of the most hotly debated issues in the Article 6 negotiations. Article 6 of the Paris Agreement enables voluntary cooperation among states and a possible future trade of emission reductions.

It is a complex, multifaceted issue with numerous technical and political aspects. Therefore, the current issue of the Carbon Mechanisms Review (CMR) is dedicated to this topic and presents some new research that aims to broaden the empirical basis and facilitate well-informed decisions in the negotiations. The cover feature of the issue highlights and analyses what share of CDM certificates should be eligible under the Paris climate regime. Another article uses an analysis to show the pricing of the early ITMO market (Internationally Transferred Mitigation Outcomes). Using Sweden as an example, the authors of the article examine both pricing elements and price drivers. Another article presents the World Bank's findings from 10 years of experience with the Partnership for Market Readiness programme, and a further article also examines the technical and policy challenges of decarbonising the shipping sector.

The CMR is published by the Wuppertal Institute on behalf of the German Federal Ministry for the Environment and is a specialist journal for cooperative market-based approaches to climate protection. The magazine critically assesses developments in the carbon markets and contributes to the debate with analyses, editorials and background information.

The new CMR 2/2020 magazine "The Transition Controversy" is free of charge and can be downloaded under the following link.