Institute for Global Environmental Strategies (IGES)
Market Mechanism
Promoting new market-based mechanisms
in Asian countries and contributing to global
efforts to combat climate change
The experience of CDM over the past decade has demonstrated the
effectiveness of market-based mechanisms in addressing climate change.
As a means of scaling up mitigation action, new approaches for
market-based mechanisms should be encouraged. There have been a few
examples of new market-based mechanisms, such as NAMA crediting,
bilateral crediting and sectoral crediting. It will also be a new experience for
most Asian countries to establish domestic market mechanisms like
emissions trading and VER (verified emission reduction) crediting schemes.
The IGES Market Mechanism Group will support the effective introduction
and implementation of various types of market-based mechanisms by
providing knowledge and expertise to governments, the private sector, and
non-governmental organisations.
Research Components
Capacity building for new market- based
mechanisms in order to enable an environment
for domestic actions
CDM reform
●
IGES-ADB-UNFCCC Secretariat Joint
Workshop on Improving the Regional
Distribution of CDM Projects in Asia and
the Pacific: IGES, Asian Development Bank
(ADB) and the United Nations Framework
Convention on Climate Change (UNFCCC)
Secretariat co-hosted the workshop, aimed at
discussing the challenges facing institutional
reform proposals, and offering support for
CDM projects.
●
IGES New Market Mechanism Capacity
Building Hakata General Meeting in FY2011:
At the Hakata General Meeting, participants
shared information on IGES New Market
Mechanism Capacity Building in FY2011 and
discussed new market mechanisms beyond
2012, domestic market readiness and the
reform of the CDM.
Collaborating countries
Cambodia, China, India, Indonesia, Lao PDR,
Mongolia, the Philippines, Thailand and Vietnam
Mongolia
china
Supporting GHG project
identification
and development
india
Vietnam
Lao PDR
philippines
thailand cambodia
indonesia
Implementing sector-specific
workshops, PDD technical
consultation, GHG validation/
verification workshops and
provincial workshops with
local governments
Supporting institutional
frameworks
Setting up regulations and
robust MRV systems for new
market-based mechanisms
such as NAMA crediting and
bilateral crediting, along with
the establishment of appropriate reference scenarios,
including domestic emissions
trading and VER crediting
schemes
Providing information and
raising awareness
Providing comprehensive and
in-depth information on new
market-based mechanisms
for stakeholders to promote
effective implementation of
GHG projects
IGES New Market Mechanism Capacity Building Hakata
General Meeting in FY2011 (Mar. 2012, Hakata, Japan)
Database and MOU
The UNFCCC secretariat and IGES has
signed the memorandum of understanding
(MOU) on the exchange of CDM data in May
2008 and implement further collaboration
with data and analysis.