Nordic Climate Finance Summit

Session Overview

This panel discussion will delve into the critical aspects of aligning global carbon markets with the Paris Agreement's Article 6, providing a comprehensive understanding of current practices, challenges, and opportunities. The session will feature a keynote address from the Ministry of Climate and Environment of Norway, highlighting their strategic investment of $740 million in bilateral agreements to meet Norway's emissions and NDC targets. The ministry will also participate in the panel discussion, offering insights into how these funds are being utilized to foster international cooperation.

Thematic Focus:

Implementation of Cooperative Approaches:

• Examination of how various nations are adopting and integrating cooperative approaches under Article 6.
• Discussion on the effectiveness and challenges faced in these implementations.

Private Sector Involvement:

• Exploration of the role and influence of the private sector in developing and operating Article 6 markets.
• Identification of potential synergies and barriers for private enterprises in carbon market participation.

Cross-Border Carbon ITMOs Trading:

• Analysis of the impact of Article 6 on the trading of Internationally Transferred Mitigation Outcomes (ITMOs) across borders.
• Consideration of regulatory, technical, and financial challenges associated with cross-border carbon trading.

Key Challenges:

• Addressing discrepancies in national policies and regulatory frameworks that hinder market alignment.
• Ensuring transparency and accountability in cross-border transactions.

Opportunities:

• Leveraging Article 6 to enhance international cooperation and achieve more ambitious climate targets.
• Encouraging innovation and investment in sustainable technologies through active market participation.

Join us for an engaging discussion that promises to shed light on the future of global carbon markets and the significant role of international collaborations in achieving climate goals.

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