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BMWK Activities

The Paris Agreement provides a much-needed long-term perspective for the global carbon market. Nonetheless, some of the rules for using the new mechanisms have yet to be finalised and practical experience in their application has still to be gained.

The Federal Ministry for Economic Affairs and Climate Action (BMWK) is thus working to push these developments and to ensure that progress is made in the international climate negotiations. BMWK also promotes the further development and design of the mechanisms by commissioning corresponding research and also invests in practical testing of innovative approaches in the form of pilot projects.

This covers, inter alia, work on design options for Art. 6.4 in general, on upscaled crediting under Article 6, or ensuring a robust and environmentally sound CORSIA Offsetting Mechanism for use in International Aviation. As regards Carbon Market innovations, BMWK supports the linkage of market mechanisms and climate finance, especially in Africa, which has been underrepresented in the global Carbon Market so far.

Further activities in this field comprise auctioning approaches to ensure continuation of mitigation activities, support for driving the transformation of the nitric acid sector, or piloting transformative carbon finance. Initiatives to promote carbon pricing through capacity development and information exchange round off BMWK’s portfolio of Carbon Market-related activities.

In this section, the broad portfolio of different BMWK activities is presented.

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Future role for voluntary carbon markets in the Paris era

An increasing number of organisations and individuals take voluntary action to reduce their emissions and to offset those that remain. Against this…

Role of BMWK: Research funding

Lifecycle: 2019-2020

Implementation: NewClimate Institute 

Other Organisations Involved: Lambert Schneider

Contact: Harry Fearnehough 
h.fearnehough@newclimate.org 

Operationalizing non-market approaches of the Paris Agreement

Commissioned by the German Environment Agency (UBA), the objective of this research project is the development of guidance for NMAs based on…

Role of BMU: research funding

Lifecycle: 2019 - 2021

Implementation: Perspectives Climate Research gGmbH

Contact:Axel Michaelowa 
michaelowa@perspectives.cc 

Analysis of Advantages and Disadvantages of Offset Approaches in Selected Sectors

The research project explores how offset approaches can be made future-proof and aligned with the objectives of the Paris Agreement.

Role of BMU: Research funding

Lifecycle: 2019 - 2021

Implementation: Wuppertal Institute for Climate, Environment and Energy

Other Organisations Involved: South Pole Carbon Asset Management Ltd.

Eastern Africa Alliance on Carbon Markets and Climate Finance

Through this activity, East African countries are seeking to promote sub-regional cooperation, thereby harnessing their mutual strengths in the areas…

Role of BMU: Co-financed by BMU

Lifecycle: since 2019

Implementation: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

Other Organisations Involved: UNFCCC Regional Collaboration Center Kampala

Contact: Sven Egbers, sven.egbers@giz.de; UNFCCC Regional Collaboration Center Kampala, RCCKampala@unfccc.int

Innovate4Climate

The 'Innovate4Climate' is a networking and information exchange format related to carbon markets and raising mitigation ambition worldwide.

 

Role of BMU: Co-financed by BMU

Lifecycle: since 2019

Implementation: World Bank

Further Information: http://innovate4climate.com

Carbon Market Mechanisms Working Group

The CMM-WG provides a platform for dialogue, thus enabling exchange of experience and coordination of measures to support the role of programmatic and…

Role of BMU: BMU-financed

Lifecycle: since 2019

Implementation: Perspectives Climate Group

Further informationhttps://www.perspectives.cc/public/initiatives/carbon-market-mechanisms-working-group/

Contact: Stephan Hoch, hoch@perspectives.cc

Regional Climate Weeks

The 'Regional Climate Weeks' is a networking and information exchange format related to carbon markets and raising mitigation ambition worldwide.

 

Role of BMU: Co-financed by BMU

Lifecycle: since 2018

Implementation: Nairobi Framework Partnership

Further Information: www.unfccc.int

Implementation and Further Development of Mechanisms of the Carbon Market by the "Coordinating Committee on Market Mechanisms and Art. 6"

The research project deals with all aspects of the market mechanisms of the carbon market as well as with the general aspects of the cooperative…

Role of BMU: BMU-financed

Lifecycle: 2018 - 2021

Implementation: Wuppertal Institute for Climate, Environment and Energy

Further Information: www.carbon-mechanisms.de/en/

Global Carbon Market

The activity assists public descion-makers in developing new market-based climate change instruments and in taking advantage of the opportunities that…

Role of BMU: Co-financed by BMU

Lifecycle: 2018 - 2022

Implementation: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

Other Organisations Involved: Uganda: Climate Change Department of the Uganda Ministry of Water and Environment, Indien: Ministry of Environment, Forests and Climate Change, Chile: Ministerio de Energia, Tunesien: L‘Agence Nationale pour la Maîtrise de l’Energie

Climate Finance Innovators

The project develops climate financing models in Ethiopia, Senegal and Uganda and formulates GCF proposals designed to contribute to the respective…

Role of BMU: Co-financed by BMU

Lifecycle: 2018 - 2023

Implementation: Perspectives Climate Group

Other Organisations Involved: Climate Focus, AERA Group, Carbon Mitigation Limited, Afrique Energie Environnement (AEE) & South South North

Further Information: www.climatefinanceinnovators.com

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