The Paris Agreement provides for parties to use internationally transferred mitigation outcomes in implementing their Nationally Determined Contributions. This paper analyzes forward trading of these outcomes in the presence of two forms of uncertainty: (1) uncertainty about the fulfillment of Nationally Determined Contribution targets, and (2) uncertainty about the existence and functioning of the forward, options, and future spot markets markets...
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INFORMATION
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2022/05/16
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Document de travail de recherche sur les politiques
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WPS10045
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1
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2022/05/16
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Disclosed
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Prospects for Markets for Internationally Transferred Mitigation Outcomes under the Paris Agreement
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