Pilot Sectoral New Market Mechanisms

Project objectives

The project funded by the European Union (EU) to support the conceptual development of the modalities and procedures for the next generation of sectoral carbon markets. The New Market Mechanisms (NMM) project builds upon recent experiences with carbon markets to develop new scaled up mechanism s that go beyond past efforts in terms of scope and ambition. The NNM aims to increase climate investment and financial flows in developing countries by incentivizing emission reductions and low carbon technological development. The project is working to offer tailor made solutions that ensure scarcity and value to carbon assets generated by programmers.

Client

CAOS – Borboletas e Sustentabilidade, Lda

Duration

10/2014 – 10/2015

Contribution

• Research on Sectoral mechanisms in the cement sector of Viet Nam to explore the possibility to apply the Guidance Manual on Preparation and Development of Pilot Sectoral Carbon Market Mechanism developed by the European Commission Directorate-General for Climate Action into the context of Viet Nam;
• Organize workshop on Developing Carbon Markets: Opportunities for Viet Nam and the SE Asia Region to exchange knowledge on Emissions Trading System.

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