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Three speakers at a conference
(Photo: IISD/ENB)

Historically, the flexible mechanisms were defined and developed at the international level, under the auspices of the UNFCCC. Currently, more and more carbon markets are being developed unilaterally by some countries or in collaboration with other countries, but outside of the UN framework.

Carbon Pricing Research Conference takes place in New Delhi

January 2019 - The Carbon Pricing Leadership Coalition (CPLC) and the World Bank Group are hosting the world's first International Research Conference on Carbon Pricing (CPLC Research Conference) on February 14-15 in New Delhi, India. The event is convening over 30 researchers from across the globe to present papers on various carbon pricing themes. The two-day Conference will host over 300 participants and be centered around six central themes. more

Climate Change Conference in Katowice

December 2018 - Unfortunately, negotiations on Article 6 could not be concluded. Too many controversial issues remained unresolved. When it came to the issue of robust accounting and avoidance of double counting, negotiations broke down and only resumed in the final, closing phase. In the outcome, the EU was able to fully achieve its goals on accounting and avoidance of double counting (keywords: emissions balance, corresponding adjustments, structured summary). Double counting of certificates that can be used under CORSIA was also avoided. This was secured through transparency framework decisions. The Paris Agreement now provides the basis for ICAO’s CORSIA scheme, meaning that the ICAO must operationalise the double counting ban in 2019. When looked at as a whole, this is a good result, but one that left no time to continue negotiations on detailed rules for Article 6. more

Governing Paris Art. 6.4

December 2018 - The new mechanism under Article 6.4 of the Paris Agreement is to be supervised by a body designated by the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement (CMA). However, so far there is no clarity what role exactly the supervisory body (Body) is to play. Against this background, a new JIKO Policy Paper analyses different governance options for Art. 6.4. more

First sign of success in completing the Katowice Rule Book

December 2018 - Many countries have begun this year to work across Party groupings on the rules of Article 6. At the start of the climate change negotiations, Colombia on behalf of the Independent Alliance of Latin America and the Caribbean (AILAC) group, Australia, Canada, the EU, Japan, Mexico, New Zealand and Switzerland have submitted a joint position paper to the UNFCCC on key issues concerning the market mechanisms. more

Article 6 Negotiations in Katowice

December 2018 - The Climate Change Conference in Katowice kicked off on Saturday with a so-called Informal Forum on Article 6 (cooperative and market mechanisms). The negotiation text on the table is the outcome of the SBSTA 48 held in Bangkok last September and contains no less than 367 options for consideration and decision. The text is now to be revised in the first week of COP 24, with any further progress being incorporated without delay. more

Side Events COP24 (Kopie 1)

Overview of selected side events at COP24 in Katowice. More

Discussing Cooperative Climate Action

Reports from BMU Side Events at COP 24. More