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Piloting market mechanisms of the Paris Agreement

Side event at UNFCCC negotiations features Perspectives contributions...

At a side event co-hosted by Morocco, the University of Zurich and IETA on May 3, 2018, Axel Michaelowa presented an overview of how to deal with additionality in the context of up-scaled crediting under the Paris Mechanisms. He also described a stepwise approach to prevent that "hot air" in Nationally Determined Contributions enters the international carbon market. The Moroccan government presented approaches to engage in pilot activities, including determination of sectoral baselines for electricity, cement and phosphate production. This project under the World Bank's Partnership for Market Readiness is undertaken by a Perspectives-led consortium. The event attracted over 70 participants.