Many stakeholders have put forward the idea of linking the Clean Development Mechanism (CDM) with the Green Climate Fund (GCF or Fund). The topic has been discussed within the secretariats and governing boards of both institutions but so far has not delivered documented analysis or conclusive results. At the Climate Change Conference held in Paris in December 2015, the discussion has been elevated to a formal issue on the agenda as Parties to the Kyoto Protocol encouraged the CDM Executive Board to explore new opportunities for financing of the CDM through international climate finance institutions such as the GCF. This report seeks to contribute to this debate by offering a systematic analysis of how linkages between the two institutions can be achieved and why this should be considered.

Authors: Szymon Mikolajczyk, Dario Brescia, Hilda Galt, Fabrice Le Saché Tobias Hunzai, Sandra Greiner, Stephan Hoch