A Framework for Various Approaches Under the UNFCCC: Necessity or Luxury?
CEPS Special Report No. 70
14 Pages Posted: 24 Nov 2012
Date Written: November 20, 2012
In recognition that the world is moving towards a new climate change regime that in many ways will be very different from the world in which the Kyoto Protocol has been operating, climate negotiators and other specialists have begun to focus their attention on developing a “framework for variable approaches” (FVA). It is hoped that this new framework will prove more adaptable to national circumstances and more capable of catalysing new ideas, at the regional, national or sub-national level. This paper examines the assumptions, objectives, scope, components and functions of an FVA, with a view to creating the right conditions in which a well-functioning global carbon market can emerge.
Keywords: UNFCCC, Kyoto Protocol, climate change, framework for variable approaches, FVA, carbon market
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