This article analyzes the issues that must be addressed to develop a viable sector no lose target option in the context of a post-2012 international climate regime. It will explain the concept and the challenges that need to be overcome for sector no lose targets to make a contribution to the United Nations Framework Convention on Climate Change objective of stabilizing greenhouse gas concentrations in the atmosphere. These challenges include the determination of baselines and crediting targets, measuring, reporting and verification of emissions, implementation of policy measures at the domestic level, engaging the private sector, dealing with the uncertainty of supply of and demand for carbon credits and the legal and institutional framework required to implement sector no lose targets.
Martina Hofmann recently completed an LL.M. in International and Comparative Law at The George Washington Law School. She has a J.D. from Harvard Law School, an MA in international affairs from the Fletcher School of Law and Diplomacy, Tufts University and a license from the Institut Universitaire des Hautes Etudes Internationales of the University of Geneva, Switzerland. Ms Hofmann has practiced law in the private and not-for-profit sector for over ten years.