Best available technology and benchmark baseline setting under the Article 6.4 mechanism

This study, commissioned by the Swedish Energy Agency, analyses lessons learned and explores benefits and challenges of applying benchmarks derived from “best available technology” assessments in international market-based cooperation. While there is limited experience in international carbon markets, it is proposed as a baseline setting approach for the Article 6.4 mechanism to increase the mitigation ambition of the mechanism and the share of mitigation that is retained by the host country.