International Mitigation Activities under the Paris Agreement: The emerging Paris-compliant Carbon Markets

The global framework under the Paris Agreement makes sure that carbon accounting is consistent across countries and any claims made based on those reductions are reflected in the global accounts. The crediting under the Paris Agreement is limited by the difference between the national goals and by how much the countries over-achieved them, thus putting a strict limit on the total number of credits, ensuring their scarcity and thus value - making them the most robust carbon credit in history.  

The mechanism of Article 6 allows countries to collaboratively engage in quick and efficient reduction and removal of greenhouse gas emissions. These are some of the key benefits of investing in Paris-compliant mitigation activities:

• Guidance by national and international frameworks and requirements for robust emission calculation
• High accountability and low risk of double-counting due to governmental authorisation and corresponding adjustments to countries’ climate change mitigation targets (NDCs).
• The emerging demand for Paris-aligned credits leads to a growing support for advanced approaches and technologies
• Through Article 6, host countries receive support for mitigation measures that go beyond their climate strategies and support sustainable development.  
• As a non-profit organisation, myclimate is guided by impact, not profit. We put specific focus on benefit sharing and activities with positive environmental and social benefits.

Climate change mitigation activities under Article 6 need to fulfil certain basic criteria. Please consider the following key eligibility criteria

The mitigation activity …  

• is new and will be implemented in a single country
• holds strong potential for scaling
• is aligned with the host country’s climate strategies and goes beyond the unconditional target
• can make reference to existing CDM or Gold Standard methodologies for emission calculation
• is additional and would not happen without the generated carbon income

Some of these are challenging to understand and address – so let us support you in finding out how your proposal matches with these requirements.

Here’s an excerpt of technologies and approaches which we have already been applying:

• E-Mobility in Urban Public Transport
• Alternate Wetting and Drying in Rice Production
• Solar PV in off-grid locations (pumping & irrigation, solar home systems, charging systems)
• Solar Water Heating  
• Centralised Kitchens  
• Electric Cooking  
• Landfill Gas Management
• Solar Microgrids
• Organic Waste Management

Further interesting approaches include energy storage systems, wind energy, afforestation and reforestation, avoidance of nitrous oxide emissions in agriculture, and others - reach out to us to explore!

Paris-compliant mitigation activities follow an internationally harmonised process. The entire project lifecycle builds on close collaboration between stakeholders, partners and authorities of the host country.  

• In an initial assessment, we apply the basic eligibility criteria and review the financial models.
• A first concept note serves to share the activity with financial partners and to seek a confirmation from the national carbon market office.
• Once a full proposal is developed, the activity is validated by a third party, approved by country authorities and can then move towards implementation.
• During implementation, we monitor and report emissions, as the basis for external verification and followed by issuance of sale of the generated credits.