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Climate Action 2007-2008

No-lose targets

No-lose targets Pledge and review targets MARKET MECHANISMS 116 If targets are not workable, market mechanisms could provide incentives for developing countries to act on climate change. Compatibility of climate action and economic goals WHY NOT MARKET MECHANISMS The Clean Development Mechanism Originally designed as an Annex 1 compliance mechanism, the CDM can function as an incentive mechanism for emission reduction projects in developing countries. VISIT: WWW.CLIMATEACTIONPROGRAMME.ORG

The emission reductions expected from unsold CER represent a real, tangible and measurable option, while emissions reductions based on a fictitious BAU target can never be verified or certified. NET GLOBAL EMISSIONS REDUCTIONS A CER discounting scheme CONCLUSION Author Organisation Enquiries @ MARKET MECHANISMS 117 VISIT: WWW.CLIMATEACTIONPROGRAMME.ORG