Ensuring Long-Term Ambition

Third issue 2021 of Carbon Mechanisms Review published

  • News 14.10.2021

Baseline setting for carbon market activities has long been a question of comparing a scenario of what would have happened without the intervention and a development induced by the project activity. But what happens when business-as-usual development becomes dynamic, i.e. Nationally Determined Contributions (NDCs) becoming ever more ambitious as required by the Paris Agreement? 

The current issue of the Carbon Mechanisms Review (CMR) takes an in-depth look at the baselines discussion, starting with an analysis of the experience gained in the different carbon market arenas so far. The cover feature "Ensuring long-term ambition" is supplemented by a new proposal from the research community on how to technically solve baseline setting under the new Paris Agreement regime. 

Furthermore, the CMR looks at how implementation of Article 6 of the Paris Climate Agreement activities can be promoted and assess actual capacity building needs. Finally, the aviation sector will be explored and the role of carbon markets in regulating GHG (greenhouse gas) emissions from aviation will be analysed. 

The issue of CMR (Volume 9, No. 3), entitled "Ensuring long-term ambition", is available free of charge under the link below.

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