Role of market mechanisms in Intended Nationally Determined Contributions

Role of market mechanisms in Intended Nationally Determined Contributions

This policy brief surveys the intended nationally determined contributions (INDCs) to the new international climate change agreement which countries have so far submitted.

The Parties to the United Nations Framework Convention on Climate Change (UNFCCC) intend to adopt a new comprehensive climate agreement at this year’s Conference of the Parties (COP) in Paris. The shape of the new agreement is emerging only slowly, including the role market mechanisms will play. The brief assesses the potential scope of market mechanisms in the Paris agreement.

[Adapted from source]

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