Latin America & Caribbean

The five-year project aims to enhance readiness of Colombia, Pakistan, Thailand and Zambia to participate in the international carbon market under Article 6 of the Paris Agreement. To achieve this, the project aims to increase private sector engagement in NDC implementation and to support raising climate ambition in partner countries.

IAA6 supports countries in building capacity for the strategic use of cooperation under Article 6, enabling increased climate ambition and promoting sustainable development. By developing and piloting a systemic framework (IAA6 Approach), the project helps countries define 1.5°-compatible pathways and the role cooperative approaches could play in achieving them.

Desk assessment of countries’ level of readiness for international transfers under Art. 6 of the Paris Agreement. This project utilized Article 6 and international transfer readiness assessment protocols developed by Neyen to comprehensively analyze the level of readiness of 5 countries for this purpose. The project additionally creates insight into the capacity building needs and other areas (institutional arrangements, regulatory framework, technical support) that may be needed in the participating countries with the final objective of facilitating transactions under Article 6.2 of the Paris Agreement.

Established in 2021, UNDP's Carbon Payments for Development Facility is a powerful catalyst for innovative public-private partnerships that curb carbon emissions and advance the Sustainable Development Goals (SDGs). Guided by Article 6 of the Paris Agreement, this framework aligns with the global commitment to combat climate change.

The Carbon Transaction Facility (CTF) is GGGI’s solution to the challenges that face countries seeking to participate in cooperative approaches under Article 6, and to scaling up international carbon trading. The CTF, launched in October 2024, aims to accelerate global GHG emission reductions by catalyzing carbon trading under Article 6. The CTF structure has two main pillars: the Article 6 Readiness Facility on one side, and a number of multiple ITMO-purchasing carbon funds on the other. The Article 6 Readiness Facility is a multi-donor fund improving host country readiness through technical assistance and capacity building. The Carbon Funds, on the other hand, are a series of individual funds for initiating Article 6 carbon transactions and purchasing Article 6 carbon credits (ITMOs).

ICAT provides countries with tailored support and practical tools and methodologies to build the robust transparency frameworks needed for effective climate action in sync with national development priorities.

The project component “Article 6 Capacity Building” of the global project NDC Assist II aims to strengthen the strategic capacities for the use of international market mechanisms under Article 6 of the Paris Agreement in Rwanda, South Africa and Peru. Line ministries and downstream institutions are provided with strategic and methodological advice for strengthening the national policy and institutional framework to support decision-making processes on the use of Article 6.

The project is aimed at supporting developing countries in the transition to the Enhanced Transparency Framework (ETF) and its Biennial Transparency Reports under the Paris Agreement. It also offers various other support to countries, such as the quality review of country's transparency reports, the provision of a dedicated gender toolkit (forthcoming), global meetings, webinars and knowledge products

PMI assists countries to design, pilot, and implement pricing instruments aligned with their development priorities. A 10-year program with a capitalization target of US$250 million, the Partnership brings an ambitious and long-term vision for the viability of carbon markets to its support for programs and policies -- across jurisdictions and sectors -- that introduce a strong price signal on carbon emissions and contribute to the Paris Agreement goal of limiting temperature rise to 1.5°C

The Club is a group of national governments that jointly develop modalities for piloting activities under Article 6.2 of the Paris Agreement. o date, representatives from eleven countries have already confirmed participation in the Club: Bangladesh, Bhutan, Chile, Ghana, Japan, Peru, Rwanda, Senegal, Singapore, Sweden, and Switzerland. Participation in the Club is voluntary and non-exclusive.