A framework for various approaches: ‘glue’ for diverse carbon market

One of the major problems for the COP in arriving at a global climate agreement is the diversity of carbon market approaches currently in play, such as the Clean Development Mechanism (CDM) and the Joint Implementation (JI) approach.

“It was the intention of the Parties to look into the future because there are a lot of (different) processes going on in different countries and regions,” says Mr. Trusca. “There was this fear that there would be a fragmented carbon market in the future, so the Parties agreed in Durban to adopt a new tool: the Framework for Various Approaches, which is supposed to glue together all the different emissions trading schemes, market mechanisms, and non-market based mechanisms.” With the Framework for Various Approaches, it should be ‘easier for the private sector to implement projects and participate in mitigation activities to reduce greenhouse gas emissions,” he says.

References

This video interview was recorded in Amsterdam on March 6, 2012 during the Argus European Emissions Markets 2012 organized by Argus Media.

This article may be reproduced according to our terms of use with attribution (and link, if online) to www.tias.edu. To be cited as: “A Framework for Various Approaches: ‘Glue’ for diverse carbon market”, Vlad Trusca, www.tias.edu, June 11, 2012.

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