CAN Submission: Views on new market-based mechanisms, February 2011

CAN welcomes the opportunity to respond to the invitation to present views on the establishment of new market-based mechanisms (decision -/CP.16, paragraphs 80-82).

CAN strongly believes that any new market-based mechanisms must take into account and build upon the lessons learned from the operation of existing market-based mechanisms during the first commitment period of the Kyoto Protocol to ensure the environmental integrity of any new mechanisms as well as the overall UNFCCC regime.