Networked Carbon Markets : Mitigation Action Assessment Protocol
This Mitigation Action Assessment Protocol (MAAP) is proposed as a key tool for achieving transparency in how these climate actions are designed and how they compare in terms of mitigation value. The long-term goal is to have the MAAP serve as an i...
| Main Author: | |
|---|---|
| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/239231478860191333/Mitigation-action-assessment-protocol http://hdl.handle.net/10986/25371 |
| Summary: | This Mitigation Action Assessment
Protocol (MAAP) is proposed as a key tool for achieving
transparency in how these climate actions are designed and
how they compare in terms of mitigation value. The long-term
goal is to have the MAAP serve as an internationally
accepted system for comparing carbon assets and, eventually,
the trade potential and exchangeability of carbon credits.
Such a framework does not yet exist, but is a much-needed
step in effectively and efficiently addressing climate
change on a global scale. The MAAP focuses on the mitigation
value of a particular type of carbon asset—carbon credits.
Carbon credits are generated when jurisdictions reduce
carbon emissions below a baseline level. The increasing
number and diversity of mitigation actions that are emerging
has accelerated the need for independent analyses of the
various initiatives and the mitigation value of the carbon
credits they generate. The approach presented in this
document falls within the broader scope of work from the
World Bank Group’s Networked Carbon Markets (NCM)
initiative. The proposed MAAP can be applicable to a range
of mitigation actions, as well as the evolution of those
actions over time. As already stated, the ultimate goal of
the MAAP is to compare carbon credits from jurisdiction to
jurisdiction and inform linking decisions. However, in the
short term, given the current efforts by different
jurisdictions toward the design and implementation of
mitigation actions, the MAAP is first and foremost intended
to be a tool to facilitate prioritization, benchmarking, and
better-designed mitigation actions. It can also be used to
assist different stakeholders in defining the elements of a
robust mitigation action and the level of development
expected of the different components required for an
acceptable level of confidence in the success of the action.
The MAAP could help inform the design of regulatory
instruments, such as Nationally Appropriate Mitigation
Actions (NAMAs). The assessment of the mitigation value is
important if the carbon credits generated from the
mitigation action are intended to be traded. The MAAP also
proposes an approach to assess the mitigation value of an
intervention, which is then not only determined by its
isolated impact (carbon integrity) but also by its relevance
in the context of jurisdictional effort. This combines
analysis of the creditability of the actions implemented and
the relative contribution to the global emission reduction
effort, which is only likely to be relevant if the carbon
assets are to be traded internationally. This examination is
done within the specific context of the relative effort that
each jurisdiction can actually make to contribute to climate
change mitigation. |
|---|