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Designing the New Global Market Mechanism

(Photo: Wuppertal Institut)
(Photo: Wuppertal Institut)

With the adoption of the Paris Agreement, the creation of a new, global climate change mitigation mechanism was agreed. Embedded in the Agreement's Article 6.4, the mechanism is designed to raise climate action ambition and lead to an overall reduction in global emissions. In implementing this and other requirements, a range of design-related issues need to be addressed. Wanting to support the Federal German Government and the Federal Environmental Agency (UBA) in addressing these issues during the UNFCCC negotiations, the UBA commissioned a research project headed by the Wuppertal Institute. The project will be used to evaluate the options available in implementing the new market mechanism and develop a set of recommendations for its regulation.

Recent developments

June 2019 - Towards an Article 6 rulebook adoption

Designing the New Global Market Mechanism

Implementation: Wuppertal Institute for Climate, Environment and Energy gGmbH

Other Organisations Involved: INFRAS, Fraunhofer Institute for Systems and Innovation Research ISI

Lifecycle: 2017 - 2020

Contact: Wolfgang Obergassel geb. Sterk, wolfgang.obergassel@wupperinst.org