Emissions Trading Registries : Guidance on Regulation, Development and Administration
The issues around the environmental integrity of international market mechanisms have gained a great deal of attention in the wake of the Paris Agreement. In addition, with the agreement on market-based measures for international aviation being rea...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/10/26858987/emissions-trading-registries-guidance-regulation-development-administration http://hdl.handle.net/10986/25142 |
| Summary: | The issues around the environmental
integrity of international market mechanisms have gained a
great deal of attention in the wake of the Paris Agreement.
In addition, with the agreement on market-based measures for
international aviation being reached, these issues are
likely to gain even more prominence in countries’ efforts to
prepare for the implementation of international market
mechanisms. In a context where inaccurate accounting is one
of the environmental integrity risks associated with market
mechanisms, an emissions trading registry is critical for
avoiding “double counting”—the situation where a single GHG
emission reduction or removal is used more than once to
demonstrate compliance with mitigation targets. An emissions
trading registry is an online database that issues, records,
and tracks the carbon units that are exchanged within market
mechanisms or financed through Results-Based Climate Finance
programs. Given the length of time and capacity needed for
the development of a registry, it is essential for countries
that are in the process of designing market mechanisms to
factor in specific regulatory, administrative, functional,
and technical aspects of registry development. Against this
backdrop, and to further facilitate future registry design
and implementation, this report provides policy makers and
other stakeholders with technical insights and guidance on
how to support country-specific decision making and
activities related to registry development. |
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