Ipsd Negotiated Agreement
To complement these activities, GGGI, through both CPU and Climate Action Global Practices, provides its member states and partner countries with support to expand their capabilities in developing their strategic vision, assessing their economic impact and participating in cooperative approaches negotiated under the Paris Agreement. In order to maximise the benefits of the countries resulting from the Paris Agreement, GGGI`s work has focused on helping countries develop their LT-LEDS, developing strategies to decarbonise their economies and formulating strategies to respond to external shocks (. B, for example, the COVID pandemic). At the same time, GGGI is working to strengthen the local capacity to conduct macroeconomic impact analyses of these strategies. An important part of the work also includes strengthening the capacity of countries to participate in the international emissions trading system. The programs, Designing Article 6 Policy Approaches (DAPA) and Mobilising Article 6 Transaction Structures (MATS), together offer strong funding dedicated to GGGI`s Carbon Pricing Unit until 2022. Results are common in both programs to lead to actual transactions that can be negotiated from one government to another. However, the different activities differ in their nature and approach. Under the Norwegian-funded DAPA programme, policy approaches will be developed to assess the level of mitigation outcomes resulting from the introduction of a single set or set of policy measures; then wrap it in a transaction in which a CO2 financing stream is exchanged for a portion of the resulting reduction results. The project consists of two phases, scoop and design. The scoping phase of the program was successfully completed in mid-2020 – and work on the design phase in 4 countries is underway.
For the Swedish-funded MATS programme, the selection of projects in GGGI member and partner countries has been completed and the implementation of 4 projects in three countries is in place. The Economic Manager will be part of the Carbon Pricing Unit (CPU) team that supports key players in GGGI member countries and partners by contributing to substantive research, macroeconomic analysis and modelling, focusing on low-carbon development strategies and trajectories in certain sectors, green growth strategies , the implementation and impact of carbon price reduction instruments and article 6 cooperative approaches. The Paris Agreement provides the signatory states with a comprehensive framework for achieving an ambitious commitment to limit the increase in global average temperature to a level well below 2 degrees Celsius and to continue efforts to limit the increase to 1.5 degrees Celsius in a cooperative manner.