New Market-based Mechanisms post-2012: Institutional Options and Governance Challenges when Establishing a Sectoral Crediting Mechanism


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This paper gives an overview of current country positions on
market mechanisms to assist developed countries in meeting their mitigation commitments in a post-2012 climate regime, discusses pros and cons of different accounting and governance frameworks for new market-based mechanisms (NMMs), and examines inasmuch the Clean Development Mechanism (CDM) provides a suitable model for centrally governed sectoral crediting mechanisms.

Author: Jo
Year: 2011
Type: Working papers