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2013

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COP17COP/MOP7

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FCCC/AWGLCA/2011/CRP.38

3. Decides to establish a new market-based approach/mechanism, under the guidance and authority of the Conference of
the Parties, to promote the reduction or avoidance of greenhouse gas emissions, which applies these common standards
and may thus be used in accordance with paragraph 1 above;
establish

83. Defines a new market-based mechanism, operating under the guidance and authority of the Conference of the
Parties, to enhance the cost-effectiveness of, and to promote, mitigation actions, bearing in mind different circumstances
of developed and developing countries, which is guided by decision 1/CP.16, paragraph 80, and which, subject to
conditions to be elaborated, may assist developed countries to meet part of their mitigation targets or commitments
under the Convention;
define

UNFCCCunfccc.int

CDM 12
12
CDM

CDM

3 56
AWG LCA
12 COP18

2013

FCCC/AWGLCA/2011/CRP.38

1. Decides that Parties may use various approaches, including opportunities for using markets, for purposes under the
Convention, including the fulfilment by developed country Parties of part of their mitigation targets or commitments,
provided that these approaches meet common standards that safeguard environmental integrity, ensure consistent
accounting of effort, and deliver a net decrease and/or avoidance of greenhouse gas emissions;
2. Decides to establish a framework, under the guidance and authority of the Conference of the Parties, for assessing
whether approaches developed and implemented by Parties, individually or jointly, meet these common standards and may
thus be used in accordance with paragraph 1 above

frameworkCOP
common standards

79. Emphasizes that 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, must
meet standards that deliver real, permanent, additional and verified mitigation outcomes, avoid double counting of effort,
and achieve a net decrease and/or avoidance of greenhouse gas emissions;
80. Requests the Ad Hoc Working Group on Long-term Cooperative Action under the Convention to conduct a work
programme to consider a framework for such approaches, with a view to recommending a decision to the Conference of
the Parties at its eighteenth session;

UNFCCCunfccc.int

BOCM

CDM

10

BOCF CDM

CDM

79. Emphasizes that 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, must meet
standards that deliver real, permanent, additional and verified mitigation outcomes, avoid double counting of effort, and
achieve a net decrease and/or avoidance of greenhouse gas emissions;

UNFCCCunfccc.int

1
CDM SCM
1
1
11

CDM 6
1 CO2
1
CDM
1
1
CDM

1 6000
4000
3
4000

no lose target
discounting 2

12

2013

13