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The Framework for Various Approaches and the New Market Mechanism
In its conclusions in June 2014, the 40th session of the Subsidiary Body for Scientific and Technological Advice (SBSTA 40) invited submissions on the Framework for Various Approaches (FVA), New Market Mechanism (NMM) and Non Market Approaches (NMA) by 22 September 2014.
This document is the submission by the Centre from European Policy Studies (CEPS) in response to that invitation, and covers both FVA and NMM. This submission should be seen in conjunction with previous work by CEPS in this area, notably submissions to the UNFCCC in March 2013 and September 2013.