Decoding Article 6 of the Paris Agreement - Softcover

Asian Development Bank

 
9789292611606: Decoding Article 6 of the Paris Agreement
Softcover
ISBN 10: 9292611607 ISBN 13: 9789292611606
Publisher: Asian Development Bank, 2018

Synopsis

The new framework for cooperative approaches and mechanisms under Article 6 of the Paris Agreement charts a path for the resurgence of carbon markets. However, the modalities, rules, and guidance are yet to be fully elaborated. Article 6 is a key part of the Paris Agreement. It allows Parties to voluntarily cooperate to meet their Nationally Determined Contributions, providing for international transfers of mitigation outcomes, a new mechanism for mitigation and sustainable development, and non-market approaches. Article 6 establishes the foundation for a post 2020 carbon market, but there are still many complex issues to be discussed and decided among Parties to finalize the Paris Agreement rulebook by the end of 2018. This publication examines the options for establishing guidance, rules, and modalities for the key elements of Article 6, decoding issues such as internationally transferred mitigation outcomes, environmental integrity, double counting and corresponding adjustments.

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Publisher
Asian Development Bank
Publication date
2018
Language
English
ISBN 10 
9292611607
ISBN 13 
9789292611606
Binding
Paperback
Number of pages
130