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Market and non-market mechanisms


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:

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).






Relevant information
1 Dec 2014

Informal briefing on the technical papers on the FVA, NMA and NMM
Venue: Cuartel General del Ejercito del Peru in Lima, Peru
Time: 18:00 - 19:30

pdf-icon Presentation (164 kB)

Previous workshops >>

Current Documents

pdf-icon FCCC/TP/2014/9
Technical paper on framework for various approaches

pdf-icon FCCC/TP/2014/10
Technical paper on non-market-based approaches

pdf-icon FCCC/TP/2014/11
Technical paper on new market-based mechanism

pdf-icon FCCC/TP/2014/11/Corr.1
Technical paper on new market-based mechanism

pdf-icon FCCC/SBSTA/2014/2
Report of the Subsidiary Body for Scientific and Technological Advice on its fortieth session

All relevant documents>>

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