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Three speakers at a conference

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.

Article 6.2 and the Transparency Framework

July 2019 - To the surprise of many, Parties in Katowice were able to agree on the “Katowice Climate Package”, a set of decisions that operationalizes the Paris Agreement by laying out clear provisions on how to implement its various components. A rulebook for voluntary cooperation under Article 6, by contrast, was beyond reach in Katowice. Against this backdrop, a new JIKO Policy Paper asks whether the Katowice outcome and its Transparency Framework could be used as a ‘backstop‘ for cooperative approaches under Article 6.2 of the Paris Agreement. more

Operationalizing the "Share of Proceeds" for Article 6

June 2019 - The Share of Proceeds (SOP) is one of the contentious issues in the ongoing negotiations on Article 6. A new policy-oriented study now published by Perspectives and Climate Focus seeks to enhance the base of evidence for these discussions in order to contribute to the elaboration of the rulebook for carbon market instruments under Article 6 of the Paris Agreement. more

Towards an Article 6 rulebook adoption

June 2019 - At the climate conference in Katowice, Parties were unable to agree on a rulebook for Article 6 of the Paris Agreement. For this year's climate Conference of the Parties in Chile, the goal is set to adopt this part of the rulebook of the Paris Agreement. Therefore, the German Environment Agency has now published four preliminary discussion papers in which the central aspects of the credit mechanism under Article 6.4.are examined in more detail. more

CMR Innovate4Climate Special 2019

May 2019 - On the occasion of the ‚Innovate4Climate (I4C) 2019 – global dialogue on climate finance, climate investment, and climate markets', this special issue of the Carbon Mechanisms Review (CMR) asks how carbon markets can best interact with other arenas in order to foster climate friendly development. The issue is now available for download. more

New study on carbon pricing in the shipping sector

April 2019 - A new study explores different options for a market-based measure for international shipping by comparing an offsetting scheme, an emissions trading scheme, and a climate levy. Based on the assessment of the three options the authors conclude that a climate levy would be the most appropriate measure to steer the shipping sector towards decarbonisation at comparatively low transaction costs. more

Discussing Cooperative Climate Action

Reports from BMU Side Events at COP 24. More