Monitoring, Reporting, and Verification Manual for Clean Development Mechanism Projects
ADB's Clean Development Mechanism has successfully supported mitigation actions through carbon finance. However, it requires robust monitoring, reporting, and verification to ensure the social and environmental integrity of projects.
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An enormous amount of investment is required to help developing countries transit to a low-carbon path. It is critical that all possible channels of financing, including carbon market mechanisms, are utilized to meet this requirement. The Clean Development Mechanism (CDM), a market mechanism under the Kyoto Protocol, has been successful in supporting mitigation actions through carbon finance. However, it requires a robust monitoring, reporting, and verification (MRV) to ensure social and environmental integrity of such projects and the emissions reductions thereof.
This MRV manual is intended to assist CDM project developers in understanding and managing the MRV requirements and process of their CDM projects in a simple step-by-step manner with the help of real examples and practical tips. While this MRV manual has been developed primarily to assist CDM project developers, it also aspires to be of help for projects participating in other existing and emerging market mechanisms. These may include bilateral mechanisms; voluntary carbon markets; regional, national, and subnational carbon markets; and any of the cooperative approaches and new market mechanism for the post-2020 carbon markets consequent to the Paris Agreement adopted at COP21 in December 2015.
This manual was produced by the Technical Support Facility, a component of ADB’s Carbon Market Program in the implementation of the regional capacity development technical assistance project R-CDTA 8223: Supporting the Use of Carbon Financing to Promote Green Growth in Asia and the Pacific.
- Tables, Figures, and Examples
- Executive Summary
- The Clean Development Mechanism
- Monitoring and Reporting
- Postregistration Changes
- Programme of Activities