Article 6 of the Paris Agreement establishes a new generation of international cooperation mechanisms for climate change mitigation. These include cooperative approaches (Art. 6.2) and a new multilaterally governed mechanism (Art. 6.4), as well as non-market mechanisms (Art. 6.8). Many Latin American NDCs state the intention to use market mechanisms for achieving NDC goals. The rules for Article 6 are scheduled to be concluded at COP24 in December 2018. Thus, the climate negotiations enter a critical phase. At the same time, several potential buyer and seller countries are beginning to explore pilot activities. This raises several questions: How should the Art. 6 rulebook consider Latin American circumstances, taking into account existing carbon market experience? What is the status of readiness preparations and pilot activities? What are the key challenges that countries face when preparing pilot activities? What are the synergies with other initiatives such as PMR? To answer these questions the event will build on three/four short presentations followed by an open discussion with the audience.
This side event is co-organised by the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) Chile, the Federal Ministry of the Environment, Nature Conservation and Nuclear Safety (BMU), and Perspectives Climate Group.
The presentations will be held in Spanish.
You can find the program here.
Puede encontrar el programa en español aquí.