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As Article 6 implementation moves forward, Gold Standard continues to focus on the twin tracks of impact: Environmental integrity and sustainable development.
Additionality has been carbon markets’ fundamental promise for environmental integrity; however, Article 6.2 guidance does not prescribe how to demonstrate it. Likewise, sustainable development is mentioned multiple times in the Article 6 text – a win for climate justice – yet without detailed guidance, it risks becoming an empty promise.
To help clarify what is needed to ensure Article 6 is delivered with integrity and impact, we’re pleased to publish several resources that can inform national policies and practical application.
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Ensuring additionality and high-quality mitigation outcomes under Article 6
The Paris Agreement introduces new considerations to account for to achieve its stated aim – to raise ambition. Yet Article 6 guidance does not provide detailed instructions on how to demonstrate additionality, allowing for bottom-up approaches.
With support from the Swiss Federal Office for the Environment, Gold Standard leveraged our two decades experience in ensuring integrity in carbon markets to explore how to ensure additionality and deliver high-quality mitigation outcomes under Article 6, in two newly published papers:
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Additionality under Article 6.2 of the Paris Agreement
This paper considers how additionality has evolved in the post-2020 era.
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Good Practice Principles and Guidance for Activities within Cooperative Approaches under Article 6.2
This paper outlines fourteen principles that can underpin high-quality baseline-and-crediting activities under Article 6.2, filling in the ‘blank space’ left by the guidance adopted at COP26.
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Sustainable development with Article 6 cooperation
As part of the Sustainable Development Initiative, Gold Standard has prepared two papers focused on the inclusion of sustainable development within Article 6 cooperation:
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Cooperating for the SDGs - Article 6 through a sustainable development lens
This paper focuses on the potential for Article 6 to promote sustainable development within host countries, and how this potential can be realised.
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Promoting sustainable development through Article 6 – the role of bilateral agreements
This paper provides recommendations for how sustainable development can be built into bilateral (or plurilateral) agreements between governments, to provide a foundation for activities that deliver positive development outcomes within host countries while safeguarding against negative impacts.
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Article 6 webinar series
The second edition of Gold Standard’s Article 6 webinar series will explore Article 6 initiatives in action:
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WEBINAR
FROM TEXT TO TRADE : HOW IS ARTICLE 6 GUIDANCE
BEING IMPLEMENTED ON THE GROUND?
While the Article 6 guidance adopted at COP26 has provided much-needed clarity for governments and market actors, it is still unclear for many how the decisions adopted by negotiators will be translated into action on the ground. This webinar will look at how early mover actors are preparing to apply Article 6 to make it a reality, and the lessons that can be drawn from this early experience.
Confirmed speakers:
- Sandra Lindstrom, Head of International Climate Cooperation, Swedish Energy Agency
- Alexandra Soezer, Climate Change Technical Advisor at UNDP’s NDC Support Programme, UNDP
- Frédéric Gagnon-Lebrun, Business Director for Climate Policy and Carbon Pricing, SouthPole
Thursday 21 April 2022
16:00 - 17:00 CEST | 10:00 - 11:00 EDT
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CONSULTATION
FINAL REMINDER:
FUND REQUIREMENTS FOR CERTIFICATION TO
GOLD STANDARD FOR THE GLOBAL GOALS
Seeking feedback on Fund Certification Requirements that aim to scale finance to help close the funding gap for SDGs in developing countries
In addition to maximising positive impact in carbon markets, Gold Standard continues to explore innovative ways to catalyse finance for impact at scale. In collaboration with an expert Working Group and built on approaches developed by OECD for Impact Fund Compliance, IFC Compliance, SDG Impact, and others, we published for consultation Fund Requirements for Certification to Gold Standard for the Global Goals.
These new process-centric Requirements guide fund managers and investors in designing funds, implementing investment decisions, and measuring impact for credible, certified impact claims.
CONSULTATION: CLOSING SOON
We are seeking public input on these Requirements to ensure their integrity, quality, and practicality. The draft Requirements are located in the feedback form. The consultation will close 31 March 2022.
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