Submission to call for input: A New Market-based Mechanism

CDM Watch believes that the following principles and the lessons that have been learned from existing market based mechanisms should guide the development of the NMM:

  • Secures net atmospheric benefits
  • Delivers real, measurable, verifiable and additional emissions reduction
  • Avoids double-counting
  • Upholds human rights
  • Delivers sustainable development benefits
  • Does not undermine the goals of other international environmental treaties
  • Ensures supplementarity

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