Towards net zero: dynamic baselines for internationalmarketmechanisms

Abstract

Baselines for international carbon markets have to date been specified in form of GHG intensity factors and linked to business-as-usual developments. This means that with increasing production of goods and services through carbon market activities, absolute baseline emissions increase or fall only slowly. This generates a large ‘emissions gap’ to the emissions pathway necessary to reach the long-term target of the Paris Agreement. In contrast to these ‘traditional’ baseline setting approaches, baselines can also be ‘dynamic’. This pap Show more