The international carbon market frenzy: watch this

The author argues that planning new market mechanisms like the NMM and FVA for COP-19 is 'careless' due to an 'astronomic over-supply' of existing offset credits from the CDM and JI. While regional compliance schemes are emerging in Japan, California, and China, there is a lack of common understanding regarding the scope and environmental integrity of the Framework for Various Approaches (FVA) and the definition of non-market based approaches (NMBA).

• The author considers the plan to secure deliverables for the New Market Mechanism (NMM) and the Framework for Various Approaches (FVA) at COP-19 to be careless because of significant disagreement between countries and a massive oversupply of offset credits already available on the market.
• Despite a lack of international climate commitments and low appetite for new global mechanisms due to CDM and JI oversupply, new regional compliance schemes involving offsetting are being created in China, Japan, and California.
• There is a lack of consensus on the definition and scope of the Framework for Various Approaches (FVA) and non-market based approaches (NMBA), with the latter being particularly unclear as to whether it refers to tradable credits via NAMAs or financing for action in developing countries.

APA

Filzmoser, E. (2013). The international carbon market frenzy: watch this. Carbon Market Watch. https://carbonmarketwatch.org/2013/07/25/the-international-carbon-market-frenzy-watch-this-6/

Chicago

Filzmoser, Eva. The international carbon market frenzy: watch this. Carbon Market Watch, 2013. https://carbonmarketwatch.org/2013/07/25/the-international-carbon-market-frenzy-watch-this-6/.

Wikipedia

{{cite press release |last1=Filzmoser |first1=Eva |title=The international carbon market frenzy: watch this |publisher=Carbon Market Watch |date=25 July 2013 |url=https://carbonmarketwatch.org/2013/07/25/the-international-carbon-market-frenzy-watch-this-6/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{filzmoser2013international, author = {Filzmoser, Eva}, title = {{The international carbon market frenzy: watch this}}, publisher = {Carbon Market Watch}, year = {2013}, month = jul, url = {https://carbonmarketwatch.org/2013/07/25/the-international-carbon-market-frenzy-watch-this-6/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }