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UNFCCC Receives Submissions on Market and Non-Market Mechanisms

21 March 2011: The UNFCCC Secretariat has received 19 submissions (FCCC/AWGLCA/2011/MISC.2) from parties on their views on matters relating to the establishment of one or more market-based mechanisms to enhance the cost-effectiveness of, and to promote, mitigation actions.

The submissions are from: Australia, Bangladesh, Bolivia, China, Colombia, Ecuador, Grenada on behalf of the Alliance of Small Island Developing States (AOSIS), Hungary on behalf of the EU, Japan, New Zealand, Norway, Papua New Guinea, Peru, Republic of Korea, Saudi Arabia, Singapore, Switzerland, Turkey and Venezuela. Nine parties: Bolivia, Grenada for AOSIS, Hungary for the EU, Malaysia, New Zealand, Peru, Saudi Arabia, Switzerland and Venezuela have also submitted their views on the elaboration of non-market based mechanisms (FCCC/AWGLCA/2011/MISC.3).

Six submissions (FCCC/AWGLCA/2011/MISC.4), from Bolivia, Hungary on behalf of the EU, Malaysia, Russian Federation, Saudi Arabia and Venezuela, have been received regarding views on the evaluation of various approaches in enhancing the cost-effectiveness of, and promoting, mitigation actions.

Submissions (FCCC/AWGLCA/ 2011/MISC.5) from 31 admitted observer organizations on the elaboration of market-based and non-market-based mechanisms, and the evaluation of various approaches in enhancing the cost-effectiveness of and promoting mitigation actions, have also been received. The full text of these submissions have been posted on the UNFCCC website. [Publication: Views on the Elaboration of Market-Based Mechanisms] [Publication: Views on the Elaboration of Non-Market-Based Mechanisms] [Publication: Views on the Evaluation of Various Approaches in Enhancing the Cost-effectiveness of, and Promoting, Mitigation Actions] [Publication: Views from Observer  Organizations]