28 May 2009: The Organisation for Economic Co-operation and Development (OECD) has presented a new study by Richard Baron (International Energy Agency (IEA)), Barbara Buchner (IEA) and Jane Ellis (OECD) titled “Sectoral Approaches and the Carbon Market.”

The report considers carbon market aspects of sectoral approaches to reduce greenhouse gas (GHG) emissions in developing countries, and examines three general ways to link sectoral goals with the carbon market: intensity goals – based on a GHG performance per unit of output; fixed emission goals – an absolute total quantity of GHG emissions – as the basis for crediting, with an ex-post issuance of credits, or trading, with an ex-ante allocation of allowances; and technology-based sectoral objectives. [The Study]