Madlen King, Global Head of Climate Change & Sustainability at Lloyd’s Register Quality Assurance (LRQA) gives her views on what she thinks the Framework for Various Approaches will and should define.
The discussions and development of the Framework for Various Approaches is still at the very earliest stages. As such there remains much confusion regarding the term and its links with New Market Mechanisms and NAMAs. However, in my opinion the Framework needs to be focused at a top level with the intentions of ensuring consistency of approach, transparency, accuracy of reported achievements and by no means least – environmental integrity.
Such issues will therefore need to include: a model for governance and oversight; the scope of the framework and the mechanisms over which it has oversight; common principles to be applied; and requirements for the monitoring, reporting and verification of actions to ensure environmental integrity, sustainable development, net mitigation and, vitally, to avoid double counting.
Madlen King will be speaking at Carbon Expo, Barcelona on Thursday 30 May:
• 1 pm - a Post-Doha Look at the Framework for Various Approaches and New Market Mechanisms (FVA/NMM)
• 2 pm – the Business Partnership for Market Readiness (B-PMR): Supporting Businesses and Sharing Best Business Practices in the Next Wave of Carbon Markets.
Come and meet Madlen and LRQA’s other climate change technical specialists from around the world at the LRQA stand at the show - stand no. A118, Hall 5.
Listen to the podcast here.