Methods to reduce methane emissions
The new report "Using Pay for Performance mechanisms to Finance Methane Abatement" focuses on an efficient methods to deliver public finance to abate on SLCP (methane).
The Swedish Energy Agency took an active part in the work with the report. It will be presented at a side-event in connection with UNFCCC:s Climate Change Conference in Bonn on June 5, 2013.
The Study Group's report has three main findings:
(1) Paying for methane emission reductions could deliver a "quick-win" as a climate finance pilot
(2) Pay-for-performance instruments should be further adopted by multilateral development banks for methane mitigation
(3) Over time, pay-for-performance approaches can be used to support nationally appropriate mitigation actions (NAMAs) that focus on methane.
The report was produced by the Methane Finance Study Group, a panel of experts formed at the request of the G8 to consider approaches to apply pay-for-performance mechanisms for methane abatement.