Workshop: Are signatories to the Paris climate agreement ready for Article 6?

On 12 May 2017 international climate negotiators and policy makers discussed the pathways for future international cooperation in the area of carbon markets. The workshop organised by adelphi in Bonn primarily focused on Ukraine, Vietnam and Ethiopia.

While the annual sessions of the UNFCCC bodies in Bonn in preparation for the next Conference of the Parties (COP) focused on the possible design of market mechanisms under Article 6 of the Paris Agreement, the workshop on 12 May was devoted to the question whether countries are actually ready for Article 6. Article 6 contains two market-based approaches to combatting climate change: "Cooperative approaches" and "Mitigation and sustainable development mechanism". The exact design features of the new mechanisms are currently being negotiated.
At the beginning, a research team consisting of experts from adelphi, Oeko-Institut and NewClimate Institute presented their finding that several key factors determine the countries' readiness. These include, for example, previous experience with market mechanisms, the ability to perform high-quality monitoring, reporting and verification (MRV), a robust institutional structure and the acceptance of market mechanisms by the society.
Depending on the respective country capacities, future enagement under Article 6 could therefore be designed in different ways. While a wide range of options would be available for experienced countries such as Ukraine, project- and program-based market mechanisms could be an easier way of engagement for less experienced countries like Ethiopia.

The documents below summarise the most important insights of the workshop.

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The workshop is part of a larger project implemented by adelphi, Oeko-Institut and NewClimate Institute, commissioned by the German Emissions Trading Authority (DEHSt) at the Federal Environment Agency (UBA). Project partners analyse the dynamic developments in the area of international market mechanisms and conduct specific country case studies.