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Three speakers at a conference
(Photo: IISD/ENB)

Historically, the flexible mechanisms were defined and developed at the international level, under the auspices of the UNFCCC. Currently, more and more carbon markets are being developed unilaterally by some countries or in collaboration with other countries, but outside of the UN framework.

Operationalizing Sustainable Development in Art. 6

July 2017 - Contributions to Sustainable Development (SD) are one of the core elements mentioned in Art. 6.1 of the Paris Agreement, which apply to all cooperative approaches under the agreement. A recent BMUB workshop explored how SD assessment could be put in practice, taking into account the different forms of cooperation foreseen in Art. 6. The documentation of the event is now available for download. more

CTI Workshop discusses climate action in international aviation

July 2017 - At this year’s CTI Workshop participants discussed the challenges and opportunities for the new global market-based measure CORSIA as a key instrument for climate action in the civil aviation sector. The workshop revealed that the mechanism holds significant potential for future climate action in the civil aviation sector. In order to fully unlock this potential and make the mechanism operational, existing challenges must be addressed, including the adoption of robust standards and procedures for ensuring its environmental integrity, determining the relationship between CORSIA and the Paris Agreement and establishing the capacities required for launching a successful CORSIA pilot phase. more

JISC 40 Elects Chair and Approves Managment Plan

The 40th meeting of the JI Supervisory Committee (JISC) brought out Albert Williams and Ghergita Nicodim as new chair and vice-chair, respectively. The meeting also saw the adoption of the management plan for 2018-2019. The JISC will mainly promote visibility of the lessons learned from JI activities. The JISC will thus make use of opportunities for input in the development process of the Article 6 rulebook. All further JISC decisions to be taken in 2017 will be made via electronic means. more

First Innovate4Climate outlines roadmap for global climate finance

July 2017 - More than 1,500 experts from national governments, multilateral organisations and the private sector have made the first Innovate4Climate a new and important venue in the climate action arena. Using the Unlock the Trillions slogan, organisers and participants shone the spotlight on how the globally-needed billions in investment for climate change mitigation and adaptation activities can be mobilised to achieve the targets set out in the Paris Agreement. The new conference was held in Barcelona from 22 to 25 May. more

CMR 2-2017: Pulling together – Public and private finance for climate change mitigation

May 2017 – This ‚Innovate4Climate’ special issue of the Carbon Mechanisms Review covers both carbon markets and climate finance topics, featuring, inter alia, an interview with Karsten Sach, member of the GCF Board, giving his views on the status of the fund, the interdependencies with the CDM, and the interplay with NDCs. The issue also presents four short opinion pieces on the future of the voluntary carbon market. more

NACAG goes online

May 2017 - The Nitric Acid Climate Action Group (NACAG) initiated by the Federal German Government to halt nitrous oxide emissions in nitric acid production is now online with a broad-based offering of news and information in English. The website ( explains NACAG’s approach and goals, provides background information on nitric acid production worldwide and reports on recent developments involving the Group. more

Analysis of Art. 6 submissions

May 2017 - A new JIKO Policy Paper analyses submissions by UNFCCC Parties in March 2017 on suggestions for the Art. 6 rulebook. The paper concludes that compared to the 2016 round of submissions, some conceptual advances can be noted. However, a number of issues continue to be controversial with little indication of a convergence of views. more

How to operationalize Article 6.2?

April 2017 - A new research report maps out issues that need to be resolved to operationalize voluntary cooperation under Article 6.2 of the Paris Agreement. A particular focus of the study lies on what may need to be addressed by decisions under the UNFCCC, including those in relation to Nationally Determined Contributions (NDCs). Guidance in these areas needs to be adopted by the CMA at the end of next year. The research was commissioned by Swedish Energy Agency, the Federal Office for the Environment (FOEN) of Switzerland and BMUB. more