Envoys ask for Six Technical Papers on New UN Carbon Market Under 6.4 of Paris

The new market is under 6.4 of the Paris deal. See 6.2 at bottom.

See this section of the 6.4 draft:

The SBSTA requested the secretariat to prepare, considering the views expressed by Parties at this session, and taking into account paragraph 29 of the rules, modalities and procedures for the mechanism established by Article 6, paragraph 4, where applicable, technical papers on:

(a) Processes for implementation of the transition of activities from the clean development mechanism to the Article 6, paragraph 4, mechanism, in accordance with chapter XI.A of the annex to decision 3/CMA.3 (“Transition of clean development mechanism activities”);

(b) Processes for implementation of chapter XI.B of the annex to decision 3/CMA.3 (“Use of certified emission reductions towards first or first updated nationally determined contributions”);

(c) Reporting by host Parties on their Article 6, paragraph 4, activities, and the Article 6, paragraph 4, emission reductions issued for the activities, while avoiding unnecessary duplication of reporting information that is already publicly available;

(d) The operation of the mechanism registry referred to in chapter VI of the annex to decision 3/CMA.3 (“Mechanism registry”), including in relation to the infrastructure for cooperative approaches (paragraph 63 of the rules, modalities and procedures for the mechanism established by Article 6, paragraph 4) and possible connection to other relevant systems under the UNFCCC;

(e) The processes necessary for implementation of the share of proceeds to cover administrative expenses and the share of proceeds to assist developing country Parties that are particularly vulnerable to the adverse effects of climate change to meet the costs of adaptation in accordance with chapter VII of the annex to decision 3/CMA.3 (“Levy of share of proceeds for adaptation and administrative expenses”);

(f) The processes necessary for the delivery of overall mitigation in global emissions in accordance with chapter VIII of the annex to decision 3/CMA.3 (“Delivering overall mitigation in global emissions”).

Full document here:

Dynamic Earth – Winds by NASA Goddard Photo and Video is licensed under CC-BY 2.0

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