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Summary Report : Lessons Learned from Pilot Assessments of Countries' International Transfer Readiness Under Article 6.2 of the Paris Agreement (English)

While the bottom-up approach of Article 6.2 of the Paris Agreement presents an opportunity to broaden and deepen markets, it is very important to ensure that there is no double counting and maintain the environmental integrity of markets. Against this backdrop, the World Bank supported the development of the International Transfer Readiness (ITR) module under the Mitigation Action Assessment Protocol (MAAP) to reflect what experts consider to be best practices at the country level to maximize readiness for international market mechanisms under the Paris Agreement. The ITR Module seeks to provide a starting point for identifying gaps and capacity building needs to develop the necessary institutional framework and infrastructure for climate markets under the Paris Agreement. To date, ITR has been applied to 13 developed and developing countries, and this report summarizes key lessons and results from these pilots. Overall, pilot results showed that significant capacity building is still needed to align countries’ institutional frameworks and infrastructure with the Paris Rulebook and evolving procedures of Article 6. This capacity building is needed even for countries that have substantial experience in Kyoto markets.

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Citation

Gadde,Harikumar Kim,Seoyi Mata-Sandoval,Juan Cristobal Mok,Rachel Chi Kiu Rescalvo Santandreu,Miguel Alejandro Sinha,Chandra Shekhar Srinivasan,Sandhya

Summary Report : Lessons Learned from Pilot Assessments of Countries' International Transfer Readiness Under Article 6.2 of the Paris Agreement (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/977921585930093817/Summary-Report-Lessons-Learned-from-Pilot-Assessments-of-Countries-International-Transfer-Readiness-Under-Article-6-2-of-the-Paris-Agreement