COP 26 Side Event - German Pavilion stream
“A quick start for Art 6: Raising global ambition with robust Art.6 rules gives a chance for project activity transition”
Panel with country and private sector stakeholders on Nov 9th, 2021, 9:30-11:00 am
Please register for virtual access under https://german-climate-pavilion.de/login
Robust and ambitious rules for the cooperative mechanisms of the Paris Agreement’s Art. 6 are one important stepping stone to raise global ambition beyond existing NDC commitments and towards a 1.5 degree path. Then Art. 6 can become an instrument to channel funds and investments into additional action in developing countries, benefiting local communities and host country economy. Country and private sector stakeholders are waiting for transparent and robust rules to enhance ambition via Art. 6. The panel will pinpoint the opportunities for carbon market cooperation that ambitious and robust rules for Art. 6 will create if and when they are agreed here in Glasgow.
Country representatives and private sector stakeholders will highlight:
- Buyer countries interest in using a credible Art. 6 framework for enhancing ambition.
- Business interest in buying credible Art. 6.4 certificates with no double counting guaranteed– including those fully transitioned from the CDM.
- Project Developers interest in using Art. 6.4 to offer credits that can transparently rule out double counting through UN supervised corresponding adjustment.
- Capacity building measures to make access for using Art. 6 inclusive for interested host countries.
- Capacity building support for transitioning of projects from the CDM to Art. 6.4 where needed
Agenda
9:30-10:10 Business interest in a UNFCCC guided marked mechanism
- BMW - Daniela Feuchtmayr, Senior Manager BMW Group Corporate Sustainability Strategy
- Nestlé - Esteban Mezzano, Global Legal team (tbc)
- BP - Jeff Swartz, Director, Climate Strategy & Sustainability
- Siemens - Jenny Bofinger-Schuster, Senior Vice President for Siemens Sustainability and Operational Excellence (tbc)
- Atmosfair - Dr. Dietrich Brockhagen, Executive Director atmosfair gGmbH
10:15-11:00 High Level Segment
- Germany - Buying for compensation and investing in capacity building – State Secretary Flasbarth, Ministry for the Environment (BMU)
- Switzerland - Franz Xaver Perrez, Head of International Affairs Division,
Federal Office for the Environment (FOEN) (tbc) - Conclusions by State Secretary Flasbarth
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