Leading up to the Bonn meeting,
stakeholders met to discuss opportunities to link the JCM with other approaches, including other nations» INDCs, bilateral agreements between Japan and capped jurisdictions that use
emissions trading systems, the International Civil Aviation Organization's
Market Based Measures, and / or in a carbon market «club» with other Asian na
Market Based Measures, and / or in a carbon
market «club» with other Asian na
market «club» with other Asian nations.
The ability to securely support smart contracts, coupled with the network's distributed exchange will provide transparency for key
stakeholders to verify regulatory requirements, as well as credibility of the carbon
emission reduction
market.