The document discusses the Clean Development Mechanism (CDM) and the Verified Carbon Standard (VCS), highlighting their achievements, shortcomings, and recent developments. It outlines the need for improved processes in carbon markets, including standardized methodologies for project registration and the incorporation of new project types such as peat rewetting and carbon capture. The VCS aims to provide a credible framework for the voluntary carbon market while supporting innovation and transparency in emission reduction efforts.

1. GHG Programs:Compliance, Voluntary, What Next?16 de febrero 2011Escuela de Organización IndustrialMadrid, EspañaJerry SeagerVCS Association

2. AgendaThe Clean Development Mechanism

3. Overview

4. Achievements

5. Shortcomings

6. Cancún

7. The Verified Carbon Standard

8. Structure

9. Recent developments

10. Next Generation Crediting Models

11. Standardised approaches to baselines and additionality

12. Jurisdictional and Nested REDDCarbon markets - why bother?

13. Registered CDM Projects by CountryProjects: 2798

14. Certified Emission Reductions by CountryCERs: 548m

15. Project Types

16. Methodology TypesMethodologies (92)(largescale)

17. CDM - achievementsSignificant emission reductions achieved

18. 2798 projects, 548m tCO2e

19. Investment in developing countries

20. India – wind power, biomass

21. Brazil – biogas, biomass

22. Mexico – landfill gas, biogas

23. Capacity building, development of expertise

24. Project development

25. Validation, verification, accreditation

26. Registries, exchanges

27. Carbon price established, confidence in carbon tradingConservative and Discouraging Mechanism?Volume and ability to scale

28. Speed of project registration and CER issuance

29. Evaluation on a project-by-project basis (additionality)

30. Scope (project types)

31. Transparency (project developer access, Executive Board decision making, appeals process)CDM reform - CancúnExecutive board – improved communications with stakeholders, appeals process

32. Crediting of projects – can begin from date project submitted for registration, rather actual date of registration