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Financial Mechanisms & International Architecture

This working group focuses on the evolution of the international carbon market and low carbon investment framework. It monitors and provides input on the development of the institutional architecture emerging from the UNFCCC negotiation process (or other relevant fora) as it relates to private investment and financial incentive mechanisms. Group members are closely engaged with both national and international policy-makers to ensure close collaboration with the private sector on the institutional framework and market design of financing mechanisms, including improvement of the current CDM and the establishment of and transition to any new crediting mechanisms.

The majority of the financing for global mitigation activities is expected to come from the private sector (85 per cent according to the United Nations). This working group is dedicated to voicing the needs of private investors as it relates to the deployment of carbon finance and investment in clean technology. In particular, to ensure that the international policy framework provides stable incentives for the deployment of private capital at scale.

CMIA's Financial Mechanisms and International Architecture working group covers:

Broad, systemic and high level policy issues related to the evolution of the CDM
CMIA's proposals for and definition of new mechanisms in the international process
High level discussions related to fast start funding and market readiness, monitoring other processes and providing input where relevant, including the G20, MEF, other similar fora.

For more information about the Financial Mechanisms and International Architecture Working Group, please contact the Working Group chair Steven Gray of Climate Change Capital or Vice Chairs Andrew Prag of Camco Global and Chris Staples of Linklaters .

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