Submission of Views on the Framework for Various Approaches and the New Market Mechanism
On behalf of the accredited organization German Forum Environment & Development, Carbon Market Watch, a project by Nature Code, welcomes the opportunity to provide its views on matters referred to in paragraphs 48 and 52 of the Doha decision, in particular related to New Market Mechanism (NMM) and the Framework for Various Approaches (FVA).
Parties must ensure that the mechanisms through which internationally tradable units are generated meet the following key principles:
- Ensure Robust Governance structure
- Avoid all Types of Double Counting
- Secure net atmospheric benefits
- Uphold human rights
- Deliver sustainable development benefits
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