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From Kyoto to Paris

New Carbon Mechanisms Review on Nitric Acid initiative, ICAO negotiations

September 2016 – The latest issue of the Carbon Mechanisms Review features a number of articles on initiatives paving the way for the transition of the market mechanisms of the Kyoto world into the new Paris framework. This holds especially true for the Nitric Acid Climate Action Group initiative (NACAG), launched by Germany at the Paris climate summit, which is presented in the cover feature of the issue. Further, on the occasion of the 39th ICAO assembly which is to decide on the organisation’s global market-based mechanism, an analysis on provisions to avoid double counting in ICAO’s offsetting mechanism is presented.