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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 Coulon
Misalignment 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

Springer

Page range

69-84

Pages

239.0

Book title

From the Paris Agreement to a low-carbon Bretton Woods: rationale for the establishment of a mitigation alliance

Place of publication

Cham

ISBN

9783319546995

Department affiliated with

  • Business and Management Publications

Research groups affiliated with

  • Quantitative International Finance Network Publications

Full text available

  • No

Peer reviewed?

  • No

Editors

Michele Stua

Legacy Posted Date

2017-04-27

First Compliant Deposit (FCD) Date

2017-04-26