UN Body Adopts " Supressed Demand Standard "

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Article 6.4 Supervisory Body has adopted a new standard on “suppressed demand”.

Article 6.4 Supervisory Body was tasked with operationalizing the UN carbon market under the Paris Agreement.

It is also responsible for establishing the rules and infrastructure for the Paris Agreement Crediting Mechanism. 

Supressed Demand Standard  

Suppressed demand refers to situations where people use very little energy or services, not because they don’t need them, but because they can’t afford them or the infrastructure doesn’t exist. 

The new standard allows climate projects to earn carbon credits where these projects are established to address the issue of Supresses Demand. This standrad allows these projects to earn carbon credits, even if emissions increse as a result of providing infrastructure to address the issue of Supressed Demand. 

The decision enables suppressed demand to be recognized in mechanism baselines to credit projects that address the issue of Supressed Demand. 

UNFCCC News

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