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Carbon markets and standards: a new agenda for LDC negotiators

Briefing/policy papers

Written by Jodie Keane, Maximiliano Mendez-Parra, Laetitia Pettinotti, Sarah Colenbrander

Image credit:PublicDomainPictures Image license:CCO Pixabay

This brief explores two different types of carbon markets: baseline-and-credit mechanisms, which are primarily structured around offsetting and enable trade in certified emissions reductions between countries and companies (an example being the Clean Development Mechanism –CDM); and cap and trade schemes or emissions trading systems (ETS), which are based on agreed allowances and permits.

This policy brief is one in a series entitled ‘Aligning climate and trade policy: a new agenda for LDC negotiators’. The publication series was complemented by three closed roundtables and two public events with LDC negotiators in advance of the 26th UN Climate Change Conference of Parties (COP26) and the 12th WTO Ministerial Conference (MC12). If you'd like to learn more, please visit the project page.

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