Flex Mechs Working Group
The CAN Flexible Mechanisms Group coordinates advocacy and policy work around carbon markets. The group’s main focus is to strengthen the environmental and social integrity of both offsetting and cap-and-trade schemes. In the international climate policy process the group has made submissions to the UNFCCC on all three Kyoto trading mechanisms as well as the two trading mechanisms currently discussed under the Convention (Framework for Various Approaches and New Market Mechanism). The group also exchanges information on regional and national carbon markets and helps national NGOs in developing their policy positions.
SBSTA Closing Plenary Intervention by CAN
-Delivered by Enrique Maurtua Konstantinidis
Thank you Co-Chairs,
We thank you and Parties for having a very focused session and urge the work to continue forward with the same motivation and attention.
Nevertheless going forward,
ECO is amused by the blind belief in carbon markets the European Union maintains, while its own emission trading scheme has become a zombie. In the ADP, EU has argued that “new market mechanisms will deliver ambition”. Really? At home, Europe’s own emission trading is currently blocking ambition, and in fact encouraging a shift from gas to coal, as the emission allowance prices have crashed.
*By compromise, ECO mean somewhere in between what is scientifically needed and what YOU tell us is currently feasible.
The Conference of the Parties,
Recalling Article 4, paragraphs 1, 3, 4 and 5 and 7 of the Convention,
Reaffirming the unwavering commitment of parties to keep global average temperature increase well below 2 degrees C above pre-industrial levels and the continuum approach between mitigation, adaptation, loss & damage and finance that is required to ensure equity before 2020.
Carbon markets are in the dumps and policy makers and market participants alike are scrambling to come to their rescue. This weekend, ECO spent two days with delegates to discuss the future of the Clean Development Mechanism (CDM) and what changes to its underlying modalities and procedures are needed to make the CDM fit for the future. The number of delegates that showed up on Sunday at 9 AM showed us that there is hope.