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Opportunities for mobilizing private climate finance through Article 6


Michaelowa, Axel; Moslener, Ulf; Mikolajczyk, Szymon; Hoch, Stephan; Pauw, Pieter; Krey, Matthias; Kempa, Karol; Espelage, Aglaja; Weldner, Kaja; Jung, Carsten (2019). Opportunities for mobilizing private climate finance through Article 6. Freiburg: Perspectives.

Abstract

Together with Climate Focus and Frankfurt School of Finance & Management, Perspectives has analyzed how Article 6 market mechanisms can be designed to incentivize mobilization of private financing and to reorient global finance flows towards low-carbon development and climate resilience in line with Article 2.1c of the Paris Agreement. On the international level, private and public sector trust in Article 6 mechanisms must be enhanced through keeping transaction low while robustly safeguarding integrity. On the national level, mitigation policy instruments should incentivize demand for emission reduction units, while higher-cost private sector mitigation should be mobilized through effective blending of ITMO revenues with public climate finance.

Abstract

Together with Climate Focus and Frankfurt School of Finance & Management, Perspectives has analyzed how Article 6 market mechanisms can be designed to incentivize mobilization of private financing and to reorient global finance flows towards low-carbon development and climate resilience in line with Article 2.1c of the Paris Agreement. On the international level, private and public sector trust in Article 6 mechanisms must be enhanced through keeping transaction low while robustly safeguarding integrity. On the national level, mitigation policy instruments should incentivize demand for emission reduction units, while higher-cost private sector mitigation should be mobilized through effective blending of ITMO revenues with public climate finance.

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Additional indexing

Item Type:Published Research Report
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Language:English
Date:15 June 2019
Deposited On:15 Oct 2019 09:45
Last Modified:18 Oct 2019 15:27
Publisher:Perspectives
Number of Pages:63
Additional Information:This work has been commissioned by the Swedish Energy Agency (SEA) in the context of a framework project on analysis and method development regarding Article 6 of the Paris Agreement. Please note that the views expressed in this report are those of the authors and do not represent any official position of the SEA.
OA Status:Green
Free access at:Official URL. An embargo period may apply.
Official URL:https://www.perspectives.cc/fileadmin/Publications/Private_finance_through_Art._6_2019.pdf
Related URLs:https://www.perspectives.cc/publications/publication/?no_cache=1&tx_pccprojects_plugin%5Baction%5D=show&tx_pccprojects_plugin%5Bcontroller%5D=Publication&cHash=b4fefbd3c201a12bf020b977aa92832b (Organisation)

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