| Decoding Article 6 of the Paris Agreement Contributor(s): Asian Development Bank (Author) |
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ISBN: 9292611607 ISBN-13: 9789292611606 Publisher: Asian Development Bank OUR PRICE: $23.75 Product Type: Paperback - Other Formats Published: April 2018 |
| Additional Information |
| BISAC Categories: - Business & Economics | Development - Economic Development - Science | Global Warming & Climate Change - Political Science | Public Policy - Environmental Policy |
| Physical Information: 0.36" H x 8.5" W x 11" (0.95 lbs) 130 pages |
| Themes: - Cultural Region - Asian |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |