The folly of new market mechanisms

Carbon Market Watch criticizes the development of New Market Mechanisms (NMM) and the Framework for Various Approaches (FVA) following COP-17 and COP-18. The author argues that these initiatives risk increasing the supply of low-quality carbon credits in a market already severely oversupplied, where offset prices are below 0.20 EURO. The document highlights a conflict between countries seeking 'flexible' rules (such as Japan, the US, and New Zealand) and those advocating for stringent, CDM-like oversight (such as the EU) to ensure environmental integrity and avoid double counting.

• The establishment of a New Market Mechanism (NMM) and a Framework for Various Approaches (FVA) was decided at COP-17 to complement the Clean Development Mechanism (CDM) and Joint Implementation (JI), with the FVA intended to act as the "glue" to make credits from different regional markets fungible and tradable.

APA

CMW (2013). The folly of new market mechanisms. Carbon Market Watch. https://carbonmarketwatch.org/2013/03/04/the-folly-of-new-market-mechanisms/

Chicago

CMW. The folly of new market mechanisms. Carbon Market Watch, 2013. https://carbonmarketwatch.org/2013/03/04/the-folly-of-new-market-mechanisms/.

Wikipedia

{{cite press release |last1=CMW |title=The folly of new market mechanisms |publisher=Carbon Market Watch |date=4 March 2013 |url=https://carbonmarketwatch.org/2013/03/04/the-folly-of-new-market-mechanisms/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cmw2013folly, author = {CMW}, title = {{The folly of new market mechanisms}}, publisher = {Carbon Market Watch}, year = {2013}, month = mar, url = {https://carbonmarketwatch.org/2013/03/04/the-folly-of-new-market-mechanisms/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }