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Market mechanisms in the new climate agreement

New paper surveys role of market mechanisms in INDCs

August 2015 - Market mechanisms – the Clean Development Mechanism (CDM), Joint Implementation (JI) and Art. 17 emission trading – have been a central feature of the Kyoto Protocol. The shape of the new climate change agreement to adopted at this year's UN climate change conference in Paris is emerging only slowly, including the role market mechanisms will play. In order to assess the potential scope of market mechanisms in the Paris agreement, a new JIKO Poliy Brief surveys the intended nationally determined contributions (INDCs) to the new agreement which countries have so far submitted. The paper is now available for download.