With INDCs rolling in, it’s clear that many Parties intend to use international market-based mechanisms to achieve their mitigation commitments. ECO’s main message to delegates—put in place rules to avoid double-counting mitigation efforts. Without good accounting, market mechanisms could undermine mitigation targets. The climate cannot afford the risk of both host and purchasing countries counting the same reductions to meet INDCs. We commend the Environmental Integrity Group (EIG) for proposing criteria for the Framework for Various Approaches and next steps for a work programme. Parties should undertake the technical work needed to ensure that claimed reductions are real, additional, permanent … Continue reading Accounting Our Way Out Of Trouble?