IETA COP24 Report
KATOWICE, 6 December - At the IETA Business Hub, the new coffee machine has been a smash hit, attracting repeat business from among our delegation (and staff) as well as a broad cross-section of observers and business representatives.
Negotiations have shifted into high gear, with much of today spent working on draft texts. Our policy team was kept busy though, attending two sessions of talks among the contact groups and meeting with members and delegates in between.
Article 6 talks resumed this morning with contact group discussions. Negotiators began to deal with issues of substance and key areas of disagreement, in particular proposals on share of proceeds and on overall mitigation, definition and calculation of baselines and how to define additionality.
Discussions will continue tomorrow morning, and the co-chairs of the Article 6 talks intend to produce a new iteration of the texts after midday. The co-chairs are in particular encouraging Parties to try to reach consensus and develop bridging positions that might identify areas of compromise. The next two days will be very intense as delegates try to settle technical issues so that more contentious and political elements can be left to ministers next week.
Elsewhere in the negotiations there appears to be good progress being made. A lot of the other workstreams are dealing with more procedural issues, while Article 6 is commonly agreed to be one of the more technical and therefore difficult elements of the Paris Agreement.
Dirk Forrister presents awards at an EBRD-sponsored side event at the IETA Business Hub.
Friday will be our busiest day so far at the Business Hub: we are hosting no less than six events and a reception.
First up at 1000 CET will be ICROA's Fourth Workshop on Increased Voluntary Action under the Paris Agreement. We'll welcome Jochen Gassner, CEO of First Climate Markets, Owen Hewlett, Chief Technical Officer at the Gold Standard, David Antonioli, CEO of Verra, Wolfgang Obergassel from the Wuppertal Institute and Ruben Lubowski of Environmental Defense Fund.
Our EU Policy Director Simon Henry hosts the following session at 1130 CET on what the EU ETS' role should be in delivering the EU's long-term climate strategy. Joining Simon will be analysts Mark Lewis of Carbon Tracker and Anders Nordeng of Refinitiv, Charlotte Wolff-Bye of Equinor and Martin Hession from the European Commission.
At 1300 CET, IETA and MUFG will host a session to discuss how Article 6 and Japan's Joint Crediting Mechanism can work together. Speakers will include Kazuhisa Koakutsu of Japan's Ministry of Environment, Tatsushi Hemmi of Mitsubishi UFJ, Yuji Mizuno of IGES and IETA's Stefano De Clara.
At 1430 CET, our CEO Dirk Forrister and a panel of negotiators will take stock of the progress to date of the talks on Article 6. This is sure to be a popular event, so make sure you're in the room to catch up on the latest news!
At 1545 CET, GreenGoWeb will host a discussion on how to transform raw data into information that can assist stakeholders to develop services and products for governments and other groups.
Our last formal event of the day will be at 1630 CET, when the Asian Development Bank leads a session presenting its Article 6 Support Facility. Full details of all the side events are in our programme: if you haven't got a hard copy, you can download a PDF here.
And finally, at 1800 CET, IETA and CMIA will for the fourth year in a row present the Carbon Pricing Champion Award. Join us in the Lounge area for the ceremony and a reception, sponsored by ALLCOT and Climate Resources Exchange. If you happen to miss this event, don't worry: we'll be presenting a second award next Thursday!