- African countries and LDCs are calling for CDM reforms, capacity development programmes, and public CER procurement programmes, in order to improve CDM rules and increase their relative share in the CDM
- Adjusting CDM rules to the circumstances of African countries by introducing CDM Programme of Activities has enabled greater access to the CDM for Africa
- Low CER prices have been caused by a demand drop from the global North and political uncertainty about the relevance of a reformed CDM in the new climate agreement prevent scaling up African CDM activities
- Higher CER prices and a combination of new financing sources can boost new investments in clean technology and thus harness the mitigation potential in Africa.
- Elements of the CDM can serve as key building blocks for market mechanisms in the new climate regime. Africa should contribute to shaping the rules of these mechanisms.
Authors: Stephan Hoch, Sandra Greiner, Axel Michaelowa, Fabrice Le Saché, Adriaan Korthuis, El Hadji Mbaye Diagne