Tropical Agricultural Research and Higher Education Center (CATIE)

Authors & Editors
Authors (individual): 
Proposal Title: 
Nested Approach
Date: 
May, 2009
Summary: 

The “Nested Approach” initially put forward by CATIE and the German  Emissions Trading Association BVEK aims to combine the respective  advantages of project- and national-level accounting and crediting  mechanisms. The approach supports national-level GHG accounting, but  allows the crediting of the GHG reductions achieved by individual projects  to be credited.

Project level emission reductions are to be calculated conservatively and  any credits issued for projects deducted from any national level credits. Any  project claiming credits has to be supported by the respective REDD country,  which may decide to claim a share of the project credits for a leakage and  permanence buffer. Projects may also be authorised in countries that do not  yet qualify for national accounting systems.

After its initial release the Nested Approach has since been supported by  a number of organisations and Latin American countries (including Chile,  Peru, and Panama on behalf of Costa Rica, el Salvador, Honduras, Nicaragua  and Panama). 

Options
Scope: 
Deforestation
Degradation
Reference Level: 
Historical adjusted
Financing: 
direct_market
Phased approach
Scale: 
Sub-national
National

Comments

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