Extreme weather and other climate-related impacts are becoming more frequent, and are imposing real costs on communities and companies. Companies have always navigated a changing business environment.

This paper explores options for a hybrid approach in the 2015 agreement, focusing in particular on mitigation efforts, rather than the broader array of issues under consideration in the Ad Hoc Working Group on the Durban Platform (ADP), such as finance, technology, and adaptation.

The Durban Platform talks, aiming for a new global agreement in 2015, present an opportunity to assess and strengthen the international climate change effort. Since launching the U.N. Framework Convention on Climate Change two decades ago, governments have tried both “top down” and “bottom up” approaches.

Used by governments for decades, market-based policies are mechanisms to control environmental pollution at various leverage points.

The Greenhouse Gas (GHG) Accounting Framework for Carbon Capture and Storage (CCS) Projects—CCS Accounting Framework—provides methods to calculate emissions reductions associated with capturing, transporting, and safely and permanently storing carbon dioxide (CO2) in geologic formations.