Current Proposals and Positions on New Market Mechanisms
May, 2012. Wolfgang Sterk. JIKO Policy Paper 2/2012. Wuppertal Institute for Climate, Environment and Energy GmbH, Germany. 35 pages
Countries have been discussing “various approaches, including opportunities for using markets, to enhance the cost-effectiveness of, and to promote, mitigation actions” in the Ad-hoc Working Group on Long-Term Cooperative Action (AWG-LCA) for several years. In Durban, Parties decided both the establishment of a new top-down mechanism as well as to consider establishing of a framework for bottom-up initiatives. Parties and accredited observer organisations were invited to submit their view on both issues and the AWG-LCA held workshops on these issues on 19 May 2012. This paper provides an overview of the positions and proposals as contained in the submissions and expressed at the workshops. According to the paper South-South-North (SSN) suggests that a new mechanism could consider including all existing mechanisms – JI, emissions trading, CDM, REDD, Afforestation and Reforestation and other Land-Use Mechanism as well as NAMAs into a single mechanism, but does not provide further details.
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Keywords: b. International Policy, Other Publications, Africa, Asia, AWG-LCA, CDM, COP, Europe, Latin America, LULUCF, New market mechanism, NMM, North America, policies, REDD