Collaboratively Building Capacity for Climate Action
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.
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. This is intended to facilitate the development of rules under the Paris Agreement based on practical experience and catalyze early action.
The Club was established by the World Bank Group (WBG) together with the MDB Working Group on Article 6 after bilateral consultations with various national entities that demonstrated interest in climate markets.
The Club meets monthly to discuss key topics related to Article 6.2 and provide inputs to the development of knowledge products to inform piloting. A series of technical Article 6 Approach Papers are discussed at the Club, finalized based on feedback by the Club, and made publicly available.
As of January 2023, the Club is comprised by 14 governments and 5 non-sovereign entities. The WBG, in coordination with other MDBs serve as the Secretariat, convening meetings and developing technical and knowledge products at the request of the Club.
The current club members are:
The governments of Bangladesh, Bhutan, Chile, Ghana, Kazakhstan, Japan, Peru, Rwanda, Senegal, Singapore, Sweden, Switzerland, Ukraine, and Namibia.
The following non-sovereign entities: KliK Foundation, Global Green Growth Institute, Temasek, Institute for Global Environmental Strategies, and United Nations Development Programme
Article 6 Approach Papers
Approach papers are an important aspect to the work we do to enable environments and inform development of regulatory frameworks, institutional arrangements and efficient market infrastructure.
Learn more about the research and work that is being done on key operational issues such as environmental integrity, corresponding adjustment and host country institutional arrangements according to Article 6 of the Paris Agreement. Our most recent papers are featured below.
This paper provides guidance for host countries on assessing and choosing their approach to participation in Cooperative Approaches of Article 6 of the Paris Agreement. The paper intends to help government officials understand the opportunities and risks of participating in international carbon markets and suggest options to minimize risks and maximize opportunities.
This paper explains what infrastructure may be needed at the national and international level to meet transparency and integrity requirements of Article 6, as well as to store, track, and transact units at different stages of a carbon asset’s life cycle.