Published: Thu, Nov 5, 2015
Type: Publication

The CSI considers sectoral market mechanisms as the most effective and efficient tool, as they can build on national priorities and leverage existing emissions reduction efforts, while rewarding emissions reduction efforts with tradable credits. The leaflet explains how a sectoral market mechanism consists of emissions reductions goals jointly set by governments and companies for industry sectors. It is applied at regional or national level and includes sectoral emissions reduction targets, rewarded by tradable credits provided that emissions are reduced below agreed benchmarks.

2012, 4 pages