Submission to SBSTA on Article 6 (2,4, and 8) of the Paris Agreement

30 Sep 2016 6:01 PM | Stephanie Olegario (Administrator)

Executive Summary

● Article 6 of the Paris Agreement offers the opportunity to build a global carbon market to assist in accelerating the energy transition and in delivering a net zero emissions outcome at lowest cost to society. Early analysis by the World Bank Group shows that financial savings by countries working collectively through Article 6 can be 30% lower than countries working on their own to meet their respective mitigation targets. This is consistent with prior economic studies, all of which suggest that market cooperation can deliver a significant savings...

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