The overall objective of the program is to use Article (A6) cooperative approaches to engage the private sector in NDC implementation, and to raise ambition.
This is to enable cost-efficient, flexible and high-integrity carbon markets with positive sustainability impacts. The transformative design of A6 pilots for real ITMO transactions will be enabled by research-based capacity building in four partner countries, catalyzing a high-ambition community of practice, regionally and globally. The program consists of six work packages, of which two are centrally managed and four are country-driven. In the first two, best practice tools and approaches to implement cooperative mechanisms are developed, underpinned by an international forum that brings together countries and practitioners, who share the common objective of raising ambition through markets. In-country implementation focused on three areas of work in each of the four countries: 1) long-term planning, 2) institutional readiness to transact and 3) pilot design and transactions.
This project is ongoing until 2027.