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Ricardo-AEA has started work on preparing a World Bank Market Readiness Proposal for the Hashemite Kingdom of Jordan, as part of the Bank s Partnership for Market Readiness (PMR) programme the project will pave the way for a multimillion dollar investment from the World Bank in order to design and implement a market-based mechanism for tackling greenhouse gas emissions in Jordan.
It has recommended that a market-based mechanism be put in place to augment the measures adopted so far, but has not published details of how this mechanism would work.
Sandor's pioneer work in the design and implementation of innovative and flexible market-based mechanisms to address environmental problems, particularly to mitigate climate and environmental risks and to generate added value from a sustainable use of ecosystems.
Given that the consequences of a global environmental meltdown would be far more devastating, depending on market-based mechanisms to protect and enhance the natural environment is a recipe for disaster.
The China-Africa Development, or CAD, Fund "operates independently through market-based mechanisms and bears risks on its own," Chi said to China Daily.
The selection of market-based mechanisms to regulate carbon use in China re-affirms that emissions trading are the preferred way of regulating greenhouse gas emissions.
NAA/NMHC issued a statement objecting to the arbitrary volume caps and possible product restrictions, stressing that, while we support a return to a system dominated by private capital, it should be achieved through market-based mechanisms and not price controls.
She continued: "It seems that because of some countries dislike of our scheme, many countries are prepared to move in the [direction of] ICAO, and even to move toward a market-based mechanism at global level.