Design frameworks that are adapted and tailored to the challenges in view
Policy and regulatory tools should address barriers to action and enable the implementation of new technologies and methodologies. If high-emitting sources have been identified, technology standards can abate emissions even in the absence of a robust monitoring system. If a lack of information poses an obstacle, policies could include measures for monitoring, reporting and verifying emissions, reference to international voluntary corporate reporting standards, and initiatives to encourage knowledge-sharing and best practices.
For infrastructure and marketing challenges, governments can introduce requirements at the project planning stage, directly invest in new infrastructure or adopt supportive market policies. If misaligned incentives are a hindrance, policy makers can price environmental externalities, create financial incentives for abatement technologies and remove institutional barriers to investment.