activities by partner organizations

Outcomes of Article 6 Support
Activities by Partner Organizations: Asian Development Bank
Virender Kumar Duggal
Principal Climate Change Specialist, Asian Development Bank
Joint 3rd Working Groups Meeting of the Paris Agreement
Article 6 Implementation Partnership
14 March 2024

ADB’s Carbon Market Program 2.0

MO = mitigation outcome

Article 6 Support Facility
The Article 6 Support
Facility (A6SF) provides
technical, capacity
building, and policy
development support to
ADB’s developing member
countries to enhancetheir capacity andpreparedness toparticipate in post-2020
carbon markets envisaged
under the framework ofArticle6 of the ParisAgreement.
Funded by ADB, the Govtof Germany, and Govt ofSweden, A6SF is thecontinuation of ADB’s
engagement in carbonmarkets.

PROVIDE TECHNICAL AND CAPACITY BUILDING SUPPORT
PolicyDevelopment

Article 6
PilotsInstitutionalInfrastructure• In country support for - Armenia, Georgia, Indonesia, Mongolia, Pakistan, Philippines,
Thailand and Viet Nam (at different stages of progress); open to all DMCs
• ADB Roundtable on Article 6• Regional Training on Climate Policy, Carbon Pricing, Carbon Markets, and Article 6• Regional Dialogue on Carbon Pricing (REdiCAP)• ADB Training Program on Article 6 Piloting• ADB-V20 Workshop on Carbon Pricing• Began operations on 1 January 2019; Tenure extended to 31 December 2026
• Current Budget: US$7.776 million

Climate Action Catalyst Fund (CACF)• At COP 28, ADB announced
commencement of CACF
operations from 1 Jan 2024.
• Fund Size of $100 million
plus.
• CACF will provide up-front
finance to high-impact climate
mitigation actions for the futuredelivery of carbon credits underlong-term transactions.
• The Swedish Energy Agencyhas joined with a contribution ofapprox. $27 million.
• Provide a strong price signal
and position ADB as a boldprime mover in thedevelopment of Article 6.
$$ = financing, ITMO = internationallytransferred mitigation outcome, NDC =nationally determined contribution.

Article 6 Support Facility
Areas of Support

ADB Roundtables on Article 6Regional Dialogue on Carbon Pricing(REdiCAP)• Organized together with UNFCCC and otherpartners.
2020: attended by 34• Platform for countries to discover and discuss
participants from 5 DMCs
the benefits of carbon pricing, the challenges,tools and best practices.
2022: attended by 60+• Knowledge sharing on the linkages between
participants from 6 DMCs
carbon pricing, NDCs andpotential/opportunities to meet targets under2023: attended by 200+
their respective NDCs.
participants from 40+• REdiCAP for Central Asia and South East Asia
countries• Knowledge exchange among
countries to contribute to thedevelopment of new carbon
markets under Article 6.
• Facilitates discussion among
the participants to build
deeper understanding of thetechnical options and key
issues for the ongoinginternational negotiations.
• Explores the possibilities ofestablishing a Regional Carbon
Market Alliance, its mode ofwork, areas of cooperationand governance.
• 6 Roundtables since 2019••

ADB In-Country Workshops
ADB Workshops for Piloting
Article 6 (2021 & 2022)

Outcomes of A6SF
1. Capacity of DMCs toidentify and assess
mitigation actions
under Article 6enhanced.
2. Capacity of DMCs topilot mitigation actions
under Article 6enhanced.
3. Inter-ministerial
coordination for Article
6 implementation inDMCs strengthened.
4. Inputs to national
governments for carbon
markets frameworks,including under Article
6, provided.
5. Stakeholders fromsupply and demandside for Article 6
identified.
6. Discussions fora inexchanging lessons
learned strengthened.

Article 6 Support Facility
ADB Thought Leadershiphttps://www.adb.org/publicat
ions/decoding-article-6paris-agreement

https://www.adb.org/publicat
ions/article-6-parisagreement

https://www.adb.org/publications/decoding-article-6-paris-agreementv2

https://www.adb.org/publicat
ions/negotiations-article-6paris-agreement

https://www.adb.org/publications/kyoto-Paris-cleandevelopment-mechanism

https://www.adb.org/publications/article-6-paris-agreementlessons-jcm

https://www.adb.org/publication
s/carbon-pricing-greenrecovery-growth

https://www.adb.org/publi
cations/carbon-pricingenergy-transitiondecarbonization

https://www.adb.org/publicati
ons/article-6-parisagreement-lessons-jcm-v2

https://www.adb.org/publication
s/carbon-offsettinginternational-aviation-asiapacifichttps://www.adb.org/publications/
national-strategies-carbonmarkets-paris-agreement

Thank you.