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Development of guidance for nonmarket approaches in the Paris Agreement

Publication Overview

Publication Date: 05-2021

In addition to market mechanisms, Article 6 of the Paris Agreement (PA) defines “non-market approaches”, which are explored in more detail in this project. At the request of some developing countries, these approaches stand as a complement to the market mechanisms for cooperation in meeting the mitigation contributions of the PA and are intended to enable a holistic approach to the goals of mitigation and adaptation, rather than focusing exclusively on a quantified consideration of emission reductions. This report shows how a design without redundancy to existing processes under the Framework Convention on Climate Change could look like.  The report is addressed to international experts, in particular to delegates to the climate conference as well as observers.

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