Decoding Article 6 of the Paris Agreement Version II

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The publication highlights the latest developments and unresolved issues for negotiations on Article 6 of the Paris Agreement. It mentions that progress has been made, but contentious matters on political and technical aspects remain.

\n Format: Paperback / softback
\n Length: 78 pages
\n Publication date: 28 February 2021
\n Publisher: Asian Development Bank
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The upcoming 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow presents a critical juncture for negotiations on Article 6 of the Paris Agreement. Article 6 empowers countries to employ a range of market and non-market approaches to fulfill their nationally determined contributions (NDCs) to combat climate change. However, the intricate and ongoing nature of international negotiations on Article 6 has led to the persistence of contentious issues on both political and technical fronts.

Despite significant strides made by the Parties to the Paris Agreement, several key challenges remain unresolved. These include disagreements over the definition and scope of carbon markets, the allocation of emission allowances, and the mechanisms for tracking and verifying emissions reductions. Political divisions among countries, particularly between developed and developing nations, have also hindered progress on Article 6 negotiations.

To address these challenges, the COP26 conference is expected to foster a renewed sense of urgency and cooperation among nations. It will provide an opportunity for Parties to strengthen their commitment to the Paris Agreement and work towards a consensus on the implementation of Article 6. This may involve exploring innovative approaches, such as carbon pricing mechanisms, technology transfer, and financial support, to facilitate countries' efforts to reduce emissions and adapt to the impacts of climate change.

Furthermore, the conference will likely focus on the role of non-state actors, such as businesses, cities, and regional governments, in climate action. These actors have increasingly played a significant role in driving climate change mitigation and adaptation efforts and will need to be engaged in the negotiations to ensure a holistic and effective response to the climate crisis.

In conclusion, the upcoming COP26 conference presents a pivotal moment for negotiations on Article 6 of the Paris Agreement. While significant progress has been made, unresolved issues on political and technical aspects remain. By fostering a renewed sense of urgency and cooperation among nations, the conference aims to achieve a consensus on the implementation of Article 6 and pave the way for a more sustainable and resilient future.

\n Weight: 268g\n
Dimension: 216 x 280 x 10 (mm)\n
ISBN-13: 9789292626198\n \n