South Asia

The five-year project aims to enhance 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 increase private sector engagement in NDC implementation and to support raising climate ambition in partner countries.

IAA6 supports countries in building capacity for the strategic use of cooperation under Article 6, enabling increased climate ambition and promoting sustainable development. By developing and piloting a systemic framework (IAA6 Approach), the project helps countries define 1.5°-compatible pathways and the role cooperative approaches could play in achieving them.

The Support Facility provides capacity building and technical support to developing member countries (DMCs) to help them to identify, develop and test mitigation actions under the framework of Article 6 of the Paris Agreement.

The Carbon Transaction Facility (CTF) is GGGI’s solution to the challenges that face countries seeking to participate in cooperative approaches under Article 6, and to scaling up international carbon trading. The CTF, launched in October 2024, aims to accelerate global GHG emission reductions by catalyzing carbon trading under Article 6. The CTF structure has two main pillars: the Article 6 Readiness Facility on one side, and a number of multiple ITMO-purchasing carbon funds on the other. The Article 6 Readiness Facility is a multi-donor fund improving host country readiness through technical assistance and capacity building. The Carbon Funds, on the other hand, are a series of individual funds for initiating Article 6 carbon transactions and purchasing Article 6 carbon credits (ITMOs).

ICAT provides countries with tailored support and practical tools and methodologies to build the robust transparency frameworks needed for effective climate action in sync with national development priorities. ICAT provides countries with tailored support and practical tools and methodologies to build the robust transparency frameworks needed for effective climate action in sync with national development priorities.

The MATS project is aimed at establishing Article 6 Activities under the Paris Agreement. The objective of this joint collaboration is to catalyze international trading of mitigation outcomes in support of the increased climate ambitions needed under the Paris Agreement.

The project is aimed at supporting developing countries in the transition to the Enhanced Transparency Framework (ETF) and its Biennial Transparency Reports under the Paris Agreement. It also offers various other support to countries, such as the quality review of country's transparency reports, the provision of a dedicated gender toolkit (forthcoming), global meetings, webinars and knowledge products

PMI assists countries to design, pilot, and implement pricing instruments aligned with their development priorities. A 10-year program with a capitalization target of US$250 million, the Partnership brings an ambitious and long-term vision for the viability of carbon markets to its support for programs and policies -- across jurisdictions and sectors -- that introduce a strong price signal on carbon emissions and contribute to the Paris Agreement goal of limiting temperature rise to 1.5°C

The Club is a group of national governments that jointly develop modalities for piloting activities under Article 6.2 of the Paris Agreement. o date, representatives from eleven countries have already confirmed participation in the Club: Bangladesh, Bhutan, Chile, Ghana, Japan, Peru, Rwanda, Senegal, Singapore, Sweden, and Switzerland. Participation in the Club is voluntary and non-exclusive.