The Paris Agreement introduced a bottom-up approach for addressing climate change by enabling countries to pledge individual commitments through nationally determined contributions (NDCs). Furthermore, Article 6 of the Paris Agreement recognizes that Parties may engage in bilateral cooperative approaches, including through the use of internationally transferred mitigation outcomes (ITMOs), to achieve their NDCs. Heterogeneous climate markets may have...
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Summary Report : Simulation on Connecting Climate Market Systems (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/128121575306092470