Jamaica National Policy For the Trading of Carbon Credits 2010 - 2030

Country: 
Jamaica
Policy Type: 
Policy
Status of Approval/Implementation: 
Draft
Year Completed: 
2015
Inclusion of Quantified RE targets?: 
NO
Overall Policy Objectives: 
A sub-policy of the National Energy Policy. The main objective is to establish a competitive, diversified, efficient and investment-conducive national carbon credits trading sector that fosters socio-economic development and a less carbon-intensive economy. The policy comprises a Strategic Framework setting out the short-, medium- and long- term goals, strategies and actions for policy implementation and an Institutional Framework describing the roles and responsibilities of the various stakeholders. The goals of the Strategic Framework are: Establishment of a legal and regulatory framework for carbon credits trading; Implementation of governance and institutional frameworks to facilitate the exploitation of carbon credits trading opportunities; Promoting initiatives to reduce carbon emissions and generate carbon credits through the regulatory and voluntary markets, while contributing to sustainable development; Facilitating equitable benefit distribution and risk management mechanisms. The policy supports the goals of the National Energy Policy Goals related to development of renewables, new and alternative fuels, biofuels and energy-from-waste, and their related Policies.A sub-policy of the National Energy Policy. The main objective is to establish a competitive, diversified, efficient and investment-conducive national carbon credits trading sector that fosters socio-economic development and a less carbon-intensive economy. The policy comprises a Strategic Framework setting out the short-, medium- and long- term goals, strategies and actions for policy implementation and an Institutional Framework describing the roles and responsibilities of the various stakeholders. The goals of the Strategic Framework are: Establishment of a legal and regulatory framework for carbon credits trading; Implementation of governance and institutional frameworks to facilitate the exploitation of carbon credits trading opportunities; Promoting initiatives to reduce carbon emissions and generate carbon credits through the regulatory and voluntary markets, while contributing to sustainable development; Facilitating equitable benefit distribution and risk management mechanisms. The policy supports the goals of the National Energy Policy Goals related to development of renewables, new and alternative fuels, biofuels and energy-from-waste, and their related Policies.
Source of Information: 

Ministry of Energy and Mining (2009b). National Policy for the Trading of Carbon Credtis 2010 - 2030. Oct. 2009.
Available at: http://www.men.gov.jm/PDF_Files/Energy_Policy/Policy_for_Trading_of_Carb... of Energy and Mining (2009b). National Policy for the Trading of Carbon Credtis 2010 - 2030. Oct. 2009.
Available at: http://www.men.gov.jm/PDF_Files/Energy_Policy/Policy_for_Trading_of_Carb...