On 13 June 2022, the Global Green Growth Institute (GGGI) and the German Ministry for Economic Affairs and Climate Action (BMWK) signed a grant agreement for €20 million for implementation of the Internationale Klimaschutz Initiative (IKI) Program titled “Supporting Preparedness for Article 6 Cooperation.” The five-year multi-country project will run until 2027. Implementation will be led by GGGI, supported by a consortium of partners consisting of UNEP Copenhagen Climate Center, GFA Consulting Group GmbH, Kommunalkredit Public Consulting, and Carbon Limits AS.
The project aims to support countries to increase climate ambition by enhancing 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 support governments with policy and regulatory frameworks needed to participate in markets along with increasing private sector engagement, to implement activities beyond the NDC to support raising climate ambition in partner countries. At the country level, the project will engage a broad range of stakeholders, including national and subnational government, private sector, academia, and youth to build the enabling environment for carbon trading under Article 6. In addition to country-level support, the project will develop global best practice tools and approaches for Article 6 engagement, which will be underpinned by a “High Ambition Community of Practice” convening international experts and practitioners to inform market development.
The program was launched on 15 June 2022 in Bonn, Germany on sidelines of the 56th Session of the UNFCCC Subsidiary Body for Scientific and Technological Advice. The launch event was attended by BMWK, focal points from the four partner country governments, GGGI, and consortium members.