Climate finance: New report provides guidance on scaled-up baselines..
27 november 2017
News
Climate finance: New report provides guidance on scaled-up baselines for crediting programs
Published: 27/11/2017
A new technical note from the Partnership of Market Readiness identifies options for developing baselines for scaled-up crediting programs under the Paris Agreement. Ecofys, a Navigant company, is among the carbon market experts contributing to the research.
The note shows how to develop baselines consistent with rules that may arise for international crediting or other forms of emissions trading or transfers under the Paris Agreement. The baseline is a critical element of any scaled-up crediting program, since it is one of the factors that determines the quantity of greenhouse gas (GHG) reductions that may be credited and used to generate revenue.
Scaled-up crediting program baselines can play a role in upholding the principle of environmental integrity, and in helping to manage risks arising from the requirement to avoid double counting. The report also addresses the particular issue of how a country can translate its ?Nationally Determined Contribution (NDC) target into emissions pathways, which may be necessary for baseline development and to engage in international transfers of GHG reductions.
Find more information at: thepmr.org
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