Publication: A Guide to Greenhouse Gas Benchmarking for Climate Policy Instruments
Date
2017-04
ISSN
Published
2017-04
Author(s)
Partnership for Market Readiness
Abstract
The past year has seen a significant
increase in global momentum for climate action. As of April
2017, one hundred thirty-seven Parties to the United Nations
Framework Convention on Climate Change (UNFCCC) have already
submitted their first nationally determined contributions
(NDCs) as part of their commitments to the Paris Climate
Agreement. Climate policy instruments are increasingly being
used or considered by countries to contribute to mitigation
commitments. Benchmarks have been used in climate policy
instruments to set targets and thresholds for environmental
performance, and to determine the distribution of instrument
benefits and obligations. Jurisdictions with mature ETSs,
such as the European Union, New Zealand, Tokyo, and
California, have been using benchmarks for allocation of
emissions allowances in many or all of the sectors that are
covered. In recent years, countries developing ETSs have
also been exploring the use of benchmarks. This "Guide
to Greenhouse Gas Benchmarking for Climate Policy
Instruments" is intended to provide policymakers with
structured guidance on the development of benchmarks and
draws on over a decade of global experiences in benchmark
development, covering practices in 16 jurisdictions that are
already using or are in the process of developing a
benchmarking approach.
Citation
“Partnership for Market Readiness. 2017. A Guide to Greenhouse Gas Benchmarking for Climate Policy Instruments. © World Bank, Washington, DC. http://hdl.handle.net/10986/26848 License: CC BY 3.0 IGO.”