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The Mitigation Alliance target and its distribution
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posted on 2023-06-09, 05:56 authored by Michele Stua, Michael CoulonMisalignment between the Paris Agreement (PA) objectives and its implementation tools represents the biggest challenge for its implementation. The compromise between top-down urgencies, such as the 2/1.5 °C target, and bottom-up stances, such as the Nationally Determined Contributions (NDCs) pledge-and-review system removed years of efforts for identifying effective and equitable systems to combat climate change, threatening the same signification of the Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC) principle. The Mitigation Alliance (MA) proposed in this book offers a feasible alternative to the current system. It applies to entities that voluntarily collaborate under the framework of the PA’s Article 6 (A6PA) and entails the establishment of an aggregate Net Zero Carbon (NZC) target for the MA and a technical, flexible distribution of the corresponding mitigation burden. While the NZC is based on scientific evidence, the hereby-proposed distribution system represents a key innovation. By introducing a dynamic formula for distributing the mitigation burden (or quota) among its members, the MA aligns ambition with the PA’s objectives while taking full account of the CBDR-RC principle.
History
Publication status
- Published
File Version
- Accepted version
Publisher
SpringerExternal DOI
Page range
69-84Pages
239.0Book title
From the Paris Agreement to a low-carbon Bretton Woods: rationale for the establishment of a mitigation alliancePlace of publication
ChamISBN
9783319546995Department affiliated with
- Business and Management Publications
Research groups affiliated with
- Quantitative International Finance Network Publications
Full text available
- No
Peer reviewed?
- No
Editors
Michele StuaLegacy Posted Date
2017-04-27First Compliant Deposit (FCD) Date
2017-04-26Usage metrics
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