Article 6 of the Paris Agreement as a Tool to Raise Climate Action Ambition
Date: Oct 24, 2022
Time: 18:00 to 19:30 (KST/GMT+9)
This session will offer two different views on the use of Article 6 to reach the levels of ambition demanded from the Paris Agreement and the Convention ultimate goals. On one side, the Wuppertal Institute has been exploring potential uses of Article 6 from a demand side perspective focusing on purposes beyond NDC compliance. The study identifies different uses for both compliance and voluntary purposes and assesses their potential to contribute to ambition raising and sustainable development while upholding environmental integrity. The study also aims to get attention to and uncover some potentially negative impacts of the international market. On the other side, KliK Foundation will present findings as one of the pioneers in structuring and implementing carbon deals under Article 6.2, the intervention provides a deeper view on the potential Article 6 can offer for countries in terms of channeling access to investment to drive innovation and modernization in cumbersome areas for the countries, complementing and boosting domestic parallel efforts such as Green Recovery, Circular Economy and scaling-up of renewable energy. Furthermore, it showcases in which ways Article 6 programmes raise ambition.
The demand side was analyzed by Wuppertal Institute using Germany as a case study of a country that has not provided clear signals for becoming a buyer in the international market yet but has engaged in negotiations and discussions over the integrity of the market. Meanwhile, KliK Foundation will offer a view on how a variety of countries on the supply side can create a staggering opportunity to meet their development goals under strict integrity standards.
These two central presentations will be followed by a panel of countries that can provide their point of view about the findings of the studies and their application to their own circumstances. How do these countries understand ambition? What opportunities for ambition raising do they foresee? Are they considering offering ITMO transactions for purposes beyond NDCs? Are they considering carbon finance as a means to enhance investment?
The session will end with a live exchange on positions regarding ambition between leading speakers and practitioners from countries with different views and strategies in the market.
The session will start with two keynote speakers, pioneers in the theoretical and applied research on enabling climate ambition through the use of Article 6 of the Paris Agreement, followed by a moderated panel discussion on the findings. The panel will be composed by representatives from countries with different strategies on market engagement.
The session will be moderated and facilitated by GGGI.
|Welcome Remarks |
– Dr. Frank Rijsberman, Director General, Global Green Growth Institute (GGGI)
– Ms. Fenella Aouane, Deputy Director – Head, Carbon Pricing Global Practice, GGGI
Options to use Article 6 as an ambition raising tool: Germany case study.
– Mr. Nicolas Kreibich, Wuppertal Institute, Germany
How Article 6 drives ambition. A stocktake of early-mover action.
– Mr. Yannick Träris, Foundation for Climate Protection and Carbon Offset KliK
|Discussion Panel – Introductory remarks Introductory Remarks|
– Ms. Malin Meyer, Ministry of Climate and Environment, Norway
– Mr. Chris Shipley, Head of Global Carbon Markets at Department for Business, Energy and Industrial Strategy (BEIS), United Kingdom
– Mr. Dida Gardera, Coordinating Ministry of Economic Affairs, Republic of Indonesia
– Mr. Kus Prisetiahadi, Coordinating Ministry of Maritime Affairs and Investment, Republic of Indonesia
|Open Q&A with the public|
– Ms. Fenella Aouane