Watch the highlights of the official launch of the Climate Action Data Trust (CADT) at the Asia Climate Summit 2022 (ACS).
Watch the highlights of the official launch of the Climate Action Data Trust (CADT) at the Asia Climate Summit 2022 (ACS).
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Supporting Countries to Build the Next Generation of Climate Markets-background

Supporting Countries to Build the Next Generation of Climate Markets

Our Work
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Our Work

Article 6 of the Paris Agreement recognizes that countries may voluntarily cooperate with each other to deliver on their NDCs and raise ambition. Effectively, this Article introduces the use of carbon markets globally. Article 6.2 signals flexibility for and permits direct bilateral or plurilateral cooperation for the generation and transfer of mitigation outcomes (MOs) from one country to another under a variety of mechanisms. Article 6.4 will likely be governed by the Parties through the UNFCCC process

Piloting different approaches can help shape a common understanding of key technical elements
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Climate Warehouse

The Climate Warehouse program prototypes, tests, and develops digital infrastructure to foster greater transparency, trust, and integrity in the carbon markets. Successfully prototyped and tested elements of the digital infrastructure will be operationalized to build the market infrastructure. Examples include the recently launched metadata platform to connect and aggregate registry information (the Climate Action Data (CAD) Trust), digital MRV systems, national carbon registries, tokenization instruments, and a one-stop resource platform that enhances knowledge-sharing and capacity-building.

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Climate Market Club

The Climate Market Club (or "Club") is a group of national governments and non-sovereign members that agree on common principles and jointly develop modalities for piloting activities under Article 6.2 of the Paris Agreement.

 

The objective of the Club is to serve as a forum for discussion and consensus on how different elements of Article 6.2. of the Paris Agreement can be piloted.

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MAAP

The Mitigation Action Assessment Protocol (MAAP) is proposed as a key tool for evaluating the risks and performance of climate actions and policies.

 

MAAP has four modules that focus on project or program-level assessments, specifically in relation to mitigation action design, capacity of the management entity, financial sustainability of the mitigation activity, and development benefits….

An Open Source Database to Help You Design and Develop Climate Actions-thumbnail
An Open Source Database to Help You Design and Develop Climate Actions
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MDB Working Group

The MDB Working Group

 

on Article 6 of the Paris Agreement (MDB WG) is a group of multilateral development banks (MDBs) that are working on the design and piloting of carbon market and non-market mechanisms under Article 6 of the Paris Agreement.