Framework for Various Approaches and New Market-based Mechanism: Quo Vadis?

The document discusses the ongoing negotiations in Bonn regarding the FVA and NMM, highlighting the need for standards that ensure real, permanent, and verified mitigation outcomes while avoiding double counting. Carbon Market Watch proposes specific governance and accounting measures to secure net atmospheric benefits and uphold human rights.

• The Framework for Various Approaches (FVA) work programme, established under the SBSTA following the Doha decision, is tasked with defining the framework's purpose, determining the scope of included approaches (market and non-market based), creating environmental integrity criteria, developing technical specifications to prevent double counting, and agreeing on institutional arrangements.
• The New Market Mechanism (NMM) is intended to operate under COP guidance and must adhere to standards that ensure mitigation outcomes are real, permanent, additional, and verified, while achieving a net decrease or avoidance of greenhouse gas emissions and avoiding double counting.
• Carbon Market Watch recommends a robust governance structure including a UN body as a standards-setting organization, a common international transaction tracking mechanism using unique serial numbers to prevent double counting, and accounting rules that guarantee a net atmospheric benefit for both the FVA and NMM.

APA

CMW (2013). Framework for Various Approaches and New Market-based Mechanism: Quo Vadis? Carbon Market Watch. https://carbonmarketwatch.org/2013/05/30/framework-for-various-approaches-and-new-market-based-mechanism-quo-vadis/

Chicago

CMW. Framework for Various Approaches and New Market-based Mechanism: Quo Vadis? Carbon Market Watch, 2013. https://carbonmarketwatch.org/2013/05/30/framework-for-various-approaches-and-new-market-based-mechanism-quo-vadis/.

Wikipedia

{{cite report |last1=CMW |title=Framework for Various Approaches and New Market-based Mechanism: Quo Vadis? |publisher=Carbon Market Watch |date=30 May 2013 |url=https://carbonmarketwatch.org/2013/05/30/framework-for-various-approaches-and-new-market-based-mechanism-quo-vadis/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{cmw2013framework, author = {CMW}, title = {{Framework for Various Approaches and New Market-based Mechanism: Quo Vadis?}}, institution = {Carbon Market Watch}, year = {2013}, month = may, url = {https://carbonmarketwatch.org/2013/05/30/framework-for-various-approaches-and-new-market-based-mechanism-quo-vadis/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }