At the UN Climate Change Conference 2019 in Madrid, parties will negotiate on the design of carbon markets related to Article 6 of the Paris Climate Agreement. INFRAS examined design options in several projects. Here are the newest publications and Madrid events at a glance:
The Paris Climate Agreement enables the signatory states to cooperate in mitigating climate change. Article 6 forms the basis for this cooperation: In order to reach their climate targets (or Nationally Determined Contributions, NDC), nations can cooperate and use carbon markets. In this sense, for example, a host country can “sell” its reductions in emissions in the form of certificates to an acquiring country.
The signatory states discussed the design of Article 6 at the 2018 UN Climate Change Conference. However, the negotiations in Katowice, Poland did not result in the desired “rulebook”. The detailed rules for implementing Article 6 is again on the agenda of the UN Climate Conference in Madrid (COP25) at the beginning of December 2019. INFRAS examined and discussed various options for designing the article in advance of these negotiations, in the form of a group of projects with international teams of experts. You will find the newest publications at a glance below:
- Blending climate finance and carbon market mechanisms - Options for the attribution of mitigation outcomes, Discussion paper on behalf of the World Bank, March 2019 (report, further Information).
- Benchmarks to determine baselines for mitigation action under the Article 6.4 mechanism: Discussion paper on behalf of the Umweltbundesamt [German office for the environment] (UBA), April 2019 (report, further information).
- Options for fostering increasing ambition levels under the Paris Article 6.4 Mechanism: Discussion paper on behalf of the Umweltbundesamts [German office for the environment] (UBA), April 2019 (report, further information).
- Article 6 in the Paris Agreement as an ambition mechanism - Options and recommendations: Report on behalf of the Swedish Energy Agency, June 2019
(report, further information).
- Two reports in the journal Carbon Mechanisms Review
(Link to issue 03/2019):
- Trading up: Ensuring that Article 6 promotes ambition in the Paris Agreement
- Giving Credit where Credit is due: How to attribute mitigation outcomes from blended climate finance and carbon financing
INFRAS at the UN Climate Change Conference 2019 in Madrid
Our managing partner Jürg Füssler will participate at the UN Climate Change Conference COP25 and will speak as an expert at several side events.
- Tuesday, December 3, 2019, 2.30 – 4.00 p.m.: "Ensuring credibility of Article 6 as a means to promote ambition in climate change mitigation" Event jointly with Wuppertal Institute, SEI, MIT, Perspectives and University of Zurich at the EU Pavilion
- Wednesday, December 4, 2019, 10.30 – 12.00 a.m.: Principles and case studies for disruptive technologies and 1.5° compliant system transformation
- Wednesday, December 4, 2019, 1.30 – 3.30 p.m.: Connecting the dots – Join the interactive sprints on Digitalization & Blockchain, Climate Action and Education
The climate conference takes place in Madrid from December 2-13 2019.