"The Cancun Agreements paved the way new market-based mechanisms (NMBMs) under the international climate regime. Different models have been proposed for such NMBMs, including sectoral emission trading as well as credited NAMAs (C-NAMAs) that would generate emission allowances. Various studies have looked at the scope, design and support for NAMAs, but the relationship between carbon markets and NAMAs remains largely unclear. This study attempts to fill this gap." (Quoted from site)