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.
African Carbon Asset Development Facility
It was the purpose of the African Carbon Asset Development Facility (ACAD) was to alleviate barriers faced by African countries in attracting and…
Role of BMU: Co-financed by BMU
Lifecycle: 2009 - 2014
Implementation: United Nations Environment Programme
Other Organisations Involved: UNEP Risoe Centre on Energy, Climate and Sustainable Development, Standard Bank UNFCCC Regional Collaboration Center Kampala
Contact: Søren Lütken, snlu@dtu.dk
The activity contributed to improving the environmental and sustainable benefits of the CDM.
Role of BMU: Research funding
Lifecycle: 2009 - 2011
Implementation:Carbon Market Watch
Further Information: https://carbonmarketwatch.org/
Contact: Eva Filzmoser, info@carbonmarketwatch.org
International Carbon Action Partnership
ICAP is an international network of governments to exchange knowledge and experience on emissions trading.
Role of BMWK: Co-financed by BMWK
Lifecycle: since 2007
Further Information: https://icapcarbonaction.com/en/
Contact: Dr. Constanze Haug, info@icapcarbonaction.com
Seite 6 von 6
Cookie Settings
