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LONDON, 2 November – Government representatives gathering in Bonn on Monday for the start of annual UN climate talks need to ramp up efforts if the two-week meeting is to end with a draft negotiating text, says IETA.
By the end of next year, governments need to adopt the rulebook for implementing the Paris Agreement – including for Article 6, which establishes an emissions mitigation mechanism and provisions for accounting of international emissions trading outcomes. In the run up to the 2018 meeting, they will also be preparing for the first “Facilitative Dialogue” of progress on cutting emissions and future trajectories, making it even more crucial to know the outline of additional, international tools available to help Parties raise ambition.
“If governments are going to meet the 2018 deadline to adopt the Paris rulebook, the next two weeks must see serious options brought to the table so that they can leave Germany with a draft negotiating text,” says Dirk Forrister, President and CEO of IETA. “This is important so that all actors – both governments and observers – can see where to focus direct action and investment in a smart, efficient and effective way to deliver the emissions cuts that the future needs.”
The need to develop draft negotiating text by the end of the upcoming meeting is the key ask of IETA’s priorities for COP23. Although observer groups were not invited to submit views to the UNFCCC on elements of the rules ahead of the Bonn talks, IETA is today releasing its updated Straw Proposal for Article 6. Developed by its International Working Group members, the proposal lays out IETA’s vision for bringing Article 6 to life, drawing from their vast experience with the Kyoto Protocol’s mechanisms as the world transitions to one where all nations are taking action.
“We firmly believe that Article 6 is key to scaling up ambition by all nations, that market forces can go further, faster and are cheaper than regulations and unilateral actions,” says Stefano De Clara, IETA’s Director of International Policy. “Our Straw Proposal is the product of many years of experience with carbon markets around the world, and offers a path to allow collaborative efforts and serious investments to begin.”