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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.

New reports on Art 6.4 in a net-zero emissions world and private-sector participation

November 2019 - At this year’s climate conference in Madrid, Parties are to complete the rulebook for the use of market-based instruments under the Paris Agreement. Against this backdrop, two new discussion papers published by UBA discuss, how the Article 6.4 mechanism may contribute towards achieving the long-term objective of net-zero GHG emissions world and the participation of the private-sector could be fostered. more

New paper on the lessons learned from the first round of applications under CORSIA

November 2019 - In 2016, the International Civil Aviation Organization (ICAO) adopted the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The scheme requires participating airline operators to purchase carbon offset credits to compensate for the increase in their carbon dioxide emissions from international flights above 2019/2020 levels. A new paper written on behalf of the BMU synthesizes key lessons learned from an assessment of the first 14 applications of carbon-offsetting programs for eligibility under CORSIA and evaluates the degree to which the applicants satisfy the ICAO requirements. more

Webinar discusses 'Next Generation Carbon Markets'

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 recording is now available online. more

Briefing Note examines Host Country Authorizations under Article 6

September 2019 - A new briefing note examines the different types of host country approvals necessary for transactions under Articles 6.2 and 6.4 of the Paris Agreement. Building on the experience with mechanisms under the Kyoto Protocol, it discusses the various scopes of authorization and contextualizes the Article 6 instruments with respect to their position under the Nationally Determined Contributions (NDCs) of the host country and the investor country. more

The Continuity Question for the Clean Development Mechanism

August 2019 - Over the past 15 years, the Clean Development Mechanism has innovated and transformed global climate change cooperation in more than 140 countries. What is more, the CDM has become a blueprint and benchmark for implementing emission reduction schemes worldwide. What happens to the CDM in the future matters for these schemes – several systems allow CERs for compliance, or are mirrored on the mechanism. A new study therefore analyses the legal context of the CDM post 2020. more

Discussing Cooperative Climate Action

Reports from BMU Side Events at COP 24. More