Role of Market Mechanisms in Intended Nationally Determind Contributions

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, this JIKO Policy 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. The Parties to the United Nations Framework Convention on Climate Change (UNFCCC) intend to adopt a new comprehensive climate agreement at this year’s Conference of the Parties (COP) in Paris. The shape of the new agreement is emerging only slowly, including the role market mechanisms will play. A new JIKO Policy Brief assesses the potential scope of market mechanisms in the Paris agreement by surveying the Intended Nationally Determined Contributions (INDCs) so far.