Article 6 of the Paris Agreement is a key tool for countries to collaborate across borders to achieve their emission reduction pledges and increase the ambition of those pledges over time.
Corporate interest in this mechanism is growing in this pivotal year for its implementation. It will be a major focus of negotiations at COP 25 in Chile in December and shape the design of compliance markets such as CORSIA. However, despite many rules still needing to be defined, Article 6 already is real with more than USD 345 million committed to pilot initiatives. States widely acknowledge that, in addition to public funding, they must mobilise vast sums of money from the private sector to help reach the goals. Article 6 provides one mechanism for the private sector to contribute directly to achieving the goals of the Paris Agreement.
The opportunities it will provide for companies to engage, and an overview of existing Article 6 pilot projects South Pole is helping to advance in Colombia and Thailand with the support of the Climate Cent Foundation and the Swedish Energy Agency. Join us in central London on September 17th to discuss how Article 6 is expected to work. For more details about the event click here.