Next Generation Carbon Markets

Webinar discusses insights from Article 6 negotiations

October 2019 - In a webinar hosted by the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), the team of the Climate Finance Innovators project presented and discussed insights from Article 6 negotiations in the lead up to COP25 and analysed the emerging landscape of Article 6 pilots. The webinar was moderated by Lydia Ondraczek from the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) as well as project team lead Stephan Hoch (Perspectives). Aglaja Espelage (Perspectives) highlighted the key contentious issues that need to be resolved by COP25 in Santiago this year, including the transition of elements from the Clean Development Mechanism (CDM) to Article 6, how to treat non-governmental buyers of Article 6 credits and how to balance domestic ambition and international market cooperation. While hopefully there will be some clear orientations for next generation carbon markets, the detailed ruleset is expected to only emerge in the coming years.

Sandra Greiner (Climate Focus) stressed that while the negotiations are still ongoing, Article 6 pilot initiatives are being developed and implemented all around the world. She presented some key lessons the updated guidebook on ongoing pilot activities that shows that Article 6 piloting is currently driven by larger development organisations and governments with a much stronger involvement from host country governments than it was the case under the CDM.

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