UNFCCC Releases Views on the New Market-based Mechanism

11 April 2012: The UNFCCC Secretariat has released 12 submission from Parties containing their views on the various approaches, including opportunities for using markets, to enhance the cost-effectiveness of, and to promote, mitigation actions, bearing in mind different circumstances of developed and developing countries (FCCC/AWGLCA/2012/MISC.6).

The submissions are 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; China; Denmark and the European Commission on behalf of the EU; Ecuador; the Gambia, on behalf of the least developed countries (LDCs); Japan; Nauru, on behalf of the Alliance of Small Island States (AOSIS); New Zealand; Norway; Saudi Arabia; Switzerland; and the US.

The submissions will be considered by the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA) at its 15th session, which will take place in Bonn, Germany, from 15-24 May 2012. [The Submissions on the New Market-based Mechanism]