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UNFCCC Releases Views on the New Market-based Mechanism

UNFCCC7 May 2012: The UNFCCC Secretariat has released a new submission from Costa Rica on behalf of Costa Rica, the Dominican Republic, Mexico, Panama and Peru, containing their views on the new market-based mechanism (FCCC/AWGLCA/2012/MISC.6/Add.1).

These submissions are in addition to the 12 submissions contained in document (FCCC/AWGLCA/2012/MISC.6). In addition to the new submission, the UNFCCC Secretariat has released the translation into Spanish of the submission from Bangladesh, Cameroon, the Central African Republic, Congo, Costa Rica, Côte d'Ivoire, the Democratic Republic of the Congo, Dominica, the Dominican Republic, Fiji, Gabon, Ghana, Guyana, Honduras, Kenya, Pakistan, Panama, Papua New Guinea, Sierra Leone, Solomon Islands, Suriname and Uganda. The Secretariat has also released a translation into English of the submission from Ecuador.

The submissions will be considered by the Ad HocWorking Group on Long-term Cooperative Action under the Convention (AWG-LCA) at its 15th session scheduled to take place in Bonn, Germany, from 15-24 May 2012, under its agenda item on the development of proposals to enhance the cost-effectiveness of, and to promote, mitigation actions, bearing in mind different circumstances of developed and developing countries. [Views on the New Market Based Mechanism]