The Swedish Energy Agency takes steps towards international climate cooperation
The climate negotiations at COP25 in Madrid, which ended on December 15, did not lead to any decisions regarding the rule book for Article 6 of the Paris Agreement. The Swedish Energy Agency believes that the lack of outcome further emphasizes the need for positive examples of how international climate cooperation can be created under the Paris Agreement. The agency prepares for 2020 by launching and supporting a number of new initiatives, in order to support concrete cooperation under Article 6.
The latest Emission Gap Report from the UN Environment Program shows that the world is currently moving towards a global temperature rise of 3,2 degrees Celsius. Clearly, the level of ambition that countries have presented thus far is insufficient to reach the temperature goals of the Paris Agreement.
The Swedish Energy Agency’s efforts during recent years to prepare for international climate cooperation under the Paris Agreement has brought new insights and lessons learned. Emissions trading across borders under the Paris Agreement is more complex than under the Kyoto Protocol, and requires significant institutional capacity and infrastructure.
Therefore, the Swedish Energy Agency is taking the following four steps, in order to support the creation of article 6 mitigation activities during the coming years:
- In order to get concrete proposals for climate activities, the Swedish Energy Agency is launching a call for proposals on international climate cooperation, where actors from all over the world are welcome to submit their proposals.
- In a new partnership between the Swedish Energy Agency and the Global Green Growth Institute, the two organizations will assist developing countries with preparatory efforts to participate in international climate cooperation.
- The Swedish Energy Agency supports the World Bank's Warehouse program to create a virtual marketplace for emission reductions. The purpose of the marketplace is to enable transactions and thus generate a supply and demand, in a transparent and secure environment.
- The Swedish Energy Agency is increasing its support for the Asian Development Bank's efforts to build institutional capacity and create the conditions for international climate cooperation in Asian developing countries.