Is there a specific registry for CDM? What are its functions? For the purposes of FCCC/2010/6, could a registry to match funding, or just report applications for funding, perform a similar function (NAMAs)? If it doesn’t, who performs the matching role?
There is a specific registry for CDM purposes. This is the central CDM Registry which records all issued certified emission reductions (“CERs”). Each developing country also has a national CDM Registry to record national procedures for its CDM projects. The main function of the central CDM Registry is to list the issue of CERs and transfers/acquisitions of the credits by developing countries. It also accredits independent third parties to validate and verify emissions reductions from projects. It can deny access to credits for projects that do not meet the necessary tests. Please see link to CDM Registry http://cdm.unfccc.int/Registry/index.html.
There is no reason in principle why a registry could not perform a similar function and verify emissions reductions achieved through NAMAs. However the proposals for a NAMA Registry are in their infancy. In the absence of a registry matching funding support with mitigation action it is not clear who would perform a matching role. One option would be to consider a system similar to the EU social funding where EU funding is matched by national funding.
The pros and cons of having a registry are a question of policy, and issues to consider here are transparency, accountability, adequacy of resources to manage the registry with appropriate finance expertise, cost effectiveness and prioritisation.