Document Type

Article

Publication Date

Fall 9-25-2025

Abstract

In the wake of the Paris Agreement ratified by 195 UN Parties in 2015 the global community committed to limiting the average temperature rise to well below 2°C, with an aspirational threshold of 1.5°C above pre-industrial levels. Meeting this ambition requires transformative mitigation measures across all sectors, with the energy sector playing a decisive role given its substantial contribution to global greenhouse gas (GHG) emissions. Renewable energy stands at the forefront of decarbonization efforts; however, its large-scale deployment in emerging economies remains constrained by financial limitations, technological dependencies, and socio-economic disparities. This policy paper introduces the Circular Carbon Markets for Renewable Energy (CCM-RE) framework an innovative approach that merges circular economy practices with robust carbon market mechanisms. By capturing and monetizing the additional emission reductions achieved through the recycling, refurbishment, and reuse of renewable energy infrastructure, the framework not only strengthens climate mitigation outcomes but also generates dedicated revenue streams to support just, inclusive, and equitable energy transitions in regions reliant on fossil fuels.

Download

Share

COinS