With Article 6 of the Paris Agreement, market mechanisms were made an integral component of the new climate change regime. But it remains to be seen just how these mechanisms will be used, how they interact with one another and the extent to which they serve the vast number of nationally determined contributions (NDCs). Also, in recent years many and varied initiatives have been launched to promote emissions trading schemes and other carbon pricing instruments, and to support the UNFCCC negotiations by promoting further dialogue. Given these diverse developments and the issues that remain unclear, the Federal Environmental Agency (UBA) commissioned a research project conducted by a consortium led by adelphi. The project team analyses the dynamic developments in the global carbon market, evaluates the results and provides input for use in fleshing out and refining the Federal German Government’s position in the UNFCCC negotiations and in the various carbon market initiatives.
Other Organisations Involved: NewClimate Institute, Öko-Institut e.V.
Lifecycle: 2015 - 2017
Contact: Dennis Tänzler, email@example.com