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Market and non-market mechanisms
 

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We encourage submissions of photos which can be used on the web sites for framework for various approaches,  
non-market-based approaches and new market-based mechanism. Photo submissions can be made to: Mechanisms@unfccc.int

Combatting climate change will require mobilization of substantial resources. Success will depend on the establishment of mechanisms and approaches that incentivize the mobilization of resources for cost-effective and ambitious climate action at all levels. Cooperation between Parties and between private and public-sector stakeholders is considered crucial.



 

 

pdf-icon COP.18 (Doha, 2012) requested the Subsidiary Body for Scientific and Technological Advice (SBSTA) to conduct three work programmes to elaborate:

 Framework for various approaches

 Non-market-based approaches

New market-based mechanism 

This pdf-icon Decision captured the outcome of several years of negotiations under the AWG-LCA. Pursuant to the pdf-icon Bali Action Plan, pdf-icon COP.16 (Cancun, 2010) decided to consider the establishment of one or more market-based and non-market based mechanisms and agreed on criteria to guide their implementation. pdf-icon COP.17 (Durban, 2011) defined a new market-based mechanism and decided to consider a framework for various approaches. 



Recent development 
 

The SBSTA 40 (June 2014, Bonn, Germany) adopted conclusions on  its work programmes to elaborate the framework for various approachespdf-icon FCCC/SBSTA/2014/L.10, non-market-based approaches pdf-icon FCCC/SBSTA/2014/L.11 and modalities and procedures for the new market-based mechanism pdf-icon FCCC/SBSTA/2014/L.12, containing agreed activities before SBSTA 41 (December 2014, Lima Peru).
Those activities include  calls for submissions by 22 September 2014 to clarify various issues related to the design and operation of the FVA, NMA and the NMM and the preparation of technical papers for consideration at SBSTA 41. The SBSTA 41 will continue its work programmes on the FVA, NMA and the NMM with a view to recommending draft decisions for consideration and adoption by COP 20 (December 2014, Lima Peru).



Workshops

 

Dates

Descriptions

Workshop Reports
11 Nov 2013

Reporting on the outcomes of the joint workshop on the FVA, NMM and NMA
Venue: National Stadium in Warsaw, Poland
Time: 13:15 - 14:45

pdf-icon FVA outcome presentation (131 kB)

pdf-icon NMA outcome presentation (378 kB)

pdf-icon NMM outcome presentation (301 kB)

Previous workshops >>

Relevant Documents

pdf-icon FCCC/SBSTA/2013/5
Report of the Subsidiary Body for Scientific and Technological Advice on its thirty-ninth session

pdf-icon FCCC/SBSTA/2013/3
Report of the Subsidiary Body for Scientific and Technological Advice on its thirty-eighth session

pdf-icon FCCC/SBSTA/2013/INF.11 Report on the workshop on the framework for various approaches

pdf-icon FCCC/SBSTA/2013/INF.12 Report on the workshop on non-market-based approaches

pdf-icon FCCC/SBSTA/2013/INF.13 Report on the workshop on the new market-based mechanism

pdf-icon FCCC/TP/2013/5
Technical synthesis on the framework for various approaches.

pdf-icon FCCC/TP/2013/6
Technical synthesis on the new market-based-mechanism.

more >>
 
Submissions from Parties and NGOs

Submissions on Framework for various approaches

Submissions on Non-market-based approaches

Submissions on New market-based mechanism

 

COP Mandates

pdf-icon 1/CP.18
Agreed outcome pursuant to the Bali Action Plan

pdf-icon 2/CP.17
Outcome of the work of AWGLCA

pdf-icon 1/CP.16
Cancun Agreement

pdf-icon 1/CP.13
Bali Action Plan