Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    13,800+ curated items from top Think Tanks.
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    Mitigation of Greenhouse Gas Emissions through Market Mechanisms

    Jung, Jione | December 2016
    Abstract
    Article 6 of the Paris Agreement, adopted in 2015, describes that Parties may cooperate voluntarily in the implementation of their nationally determined contributions (NDC) against global warming. Parties may use internationally transferred mitigation outcomes. Also, one Party may use emission reduction credits obtained from a certain mitigation activity in another Party. Article 6, together with paragraph 137 of the decision at COP21, are the provisions that allow Parties to use carbon pricing and market-based approaches to fulfill its NDC. Parties can meet their mitigation targets in the most cost-effective way by taking advantage of differences in the marginal costs of emission reduction across different regions or sectors. The Paris Agreement explains that the ultimate objective of cooperation among participating Parties is to promote environmental integrity and sustainable development. The mitigation of greenhouse gas emissions using market mechanisms is not a new trend. The Kyoto Protocol adopted in 1997 introduced three types of market mechanisms; emission trading, joint implementation, and the Clean Development Mechanism (CDM). After that, the Bali Action Plan adopted in 2007 stated enhanced action on mitigation based on various approaches which consider use of the market to increase cost-effectiveness. For the market mechanisms developed under the Paris Agreement, Parties were requested to submit their views by next March and there will be a series of round table discussions on the details later on. It is necessary to take note that since the adoption of the Kyoto Protocol, it took only four years to outline the details of the Kyoto mechanism at Marrakesh in 2001, which forecasts that the upcoming discussions will proceed urgently.
    Citation
    Jung, Jione. 2016. Mitigation of Greenhouse Gas Emissions through Market Mechanisms. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/10555.
    Keywords
    Work Environment
    Urban Environment
    Social Environment
    Regulatory Environments
    Marine Environment
    International Environmental Relations
    Institutional Environment Assessment
    Global Environment
    Environmental Sustainability
    Environmental Strategy
    Environmental Services
    Environmental Resources
    Environmental Management and Planning
    Environmental Issues
    Environmental Guidelines
    Environmental Effects
    Environment and Pollution Prevention
    Climate
    Climate change
    Climate impacts assessment
    Global climate change
    Emission Control
    Environmental Control
    Environmental Technology
    Land Development
    Forestry Development
    Fishery Development
    Environmental Statistics
    Environmental Planning
    Environmental Management
    Environmental Education
    Environmental Capacity
    Pollution Control
    Nature Protection
    Environmental Conservation
    Climatic change
    Climatic influence
    Climatology
    Investment bank
    Investment policy
    Air quality indexes
    Ecological risk assessment
    Environmental impact evaluation
    Analysis of environmental impact
    Environmental toxicology
    Health risk assessment
    Rain and rainfall
    Acid precipitation
    Ozone-depleting substance mitigation
    Greenhouse gas mitigation
    Prevention of pollution
    Air quality
    Air quality management
    Pollution
    City planning
    Urban climatology
    Bank investment
    Capital investment
    Investment banking
    Venture capital
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/10555
    Metadata
    Show full item record
    Thumbnail
    KIEPopinions_no97.pdf (255.2Kb)
    Author
    Jung, Jione
    Theme
    Environment
    Climate
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise