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    Article 6 of the Paris Agreement: Piloting for Enhanced Readiness
    Article 6 of the Paris Agreement: Piloting for Enhanced Readiness
    Article 6 of the Paris Agreement: Piloting for Enhanced Readiness
    Ebook98 pages1 hour

    Article 6 of the Paris Agreement: Piloting for Enhanced Readiness

    By Asian Development Bank

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    About this ebook

    This publication outlines the rationale for and benefits of piloting activities for Article 6 of the Paris Agreement. It emphasizes the need for testing alternate approaches and sharing of experiences. Article 6 provides for voluntary international cooperation that may facilitate the use of market-based approaches to help countries achieve their nationally determined contributions and enable greater gains. Pilot activities in developing member countries of the Asian Development Bank can help Asia and the Pacific develop capacity, readiness, and awareness on using Article 6 and participating in international carbon markets.
    LanguageEnglish
    PublisherAsian Development Bank
    Release dateNov 1, 2018
    ISBN9789292614119
    Article 6 of the Paris Agreement: Piloting for Enhanced Readiness

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      Book preview

      Article 6 of the Paris Agreement - Asian Development Bank

      ARTICLE 6 OF THE PARIS AGREEMENT

      Piloting for Enhanced Readiness

      NOVEMBER 2018

      Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

      © 2018 Asian Development Bank

      6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

      Tel +63 2 632 4444; Fax +63 2 636 2444

      www.adb.org

      Some rights reserved. Published in 2018.

      ISBN 978-92-9261-410-2 (print), 978-92-9261-411-9 (electronic)

      Publication Stock No. TIM189647-2

      DOI: http://dx.doi.org/10.22617/TIM189647-2

      The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

      ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.

      By making any designation of or reference to a particular territory or geographic area, or by using the term country in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

      This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.

      This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.

      Please contact [email protected] if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo.

      Notes:

      In this publication, $ refers to United States dollars.

      Cover illustration by Jan Carlo Dela Cruz.

      Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda

      Contents

      Tables, Figure, and Boxes

      Foreword

      Climate change is a fundamental threat to sustainable development, requiring urgent efforts by stakeholders at all levels. This threat is particularly acute in Asia and the Pacific, which is already experiencing impacts such as rising sea levels and increasingly devastating storms, droughts, and floods.

      For the Asian Development Bank (ADB), supporting countries in the region to address climate change is at the core of the recently launched Strategy 2030: Achieving a Prosperous, Inclusive, Resilient, and Sustainable Asia and the Pacific. Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability are key operational priorities of Strategy 2030, with ADB aiming for 75% of its committed operations to support climate change mitigation and adaptation by 2030. ADB has also set a target to mobilize $80 billion of climate finance from its own resources cumulatively from 2019 to 2030.

      The historic Paris Agreement of 2015 introduced a new global framework for tackling climate change, with countries acknowledging the need to accelerate and intensify actions. It requires all countries to contribute to its long-term goals—to limit the global temperature increase to well below 2 degrees Celsius (oC), while pursuing a 1.5 oC target—through their respective nationally determined contributions (NDCs).

      The ambition and actions of the countries in Asia and the Pacific are key to the implementation of the Paris Agreement. The region is large, densely populated, and a major and growing source of greenhouse gas (GHG) emissions due to rapid urbanization and economic growth. This also presents an opportunity for the region to shape global efforts to reduce GHG emissions.

      Article 6 of the Paris Agreement provides for voluntary international cooperation that may facilitate the use of market-based approaches that can support ADB’s developing member countries (DMCs) in achieving their NDCs and enabling higher

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