3rd Plenary
Meeting of the Paris Agreement
Article 6 Implementation Partnership
Summary of Meeting
March 19, 2024

Organized by:
Ministry of the Environment, Japan (MOEJ) andParis Agreement Article 6 Implementation Partnership Center,Institute for Global Environmental Strategies (IGES)

Summary of Meeting
The 3rd Plenary Meeting of the Paris Agreement Article 6 Implementation Partnership (A6IP) focused on
advancing the implementation of Article 6 of the Paris Agreement, underscoring the importance of international
cooperation, capacity building, and private sector engagement in achieving global decarbonization goals. The
meeting highlighted initiatives and challenges across different countries and sectors, aiming to streamline Article
6 activities and foster a unified approach towards carbon market development.
Opening remarks by Yutaka Matsuzawa emphasized the critical role of Article 6 in reaching the 1.5-degree
Celsius target and welcomed the progress made by the Article 6 Implementation Partnership (A6IP) Center since
its establishment at COP27. The support package introduced at COP28 and the ongoing efforts in authorization,
reporting, and tracking activities were noted as key components for the successful implementation of Article 6.
Sessions outlined the concerted efforts of various stakeholders, including the A6IP Center's work on providing
resources and capacity building, the UNFCCC Secretariat's capacity-building program post-COP26, and the World
Bank's initiatives to support carbon market development. Country representatives shared their nationalstrategies and progress, highlighting the diverse approaches and challenges in integrating Article 6 into theirclimate action plans. Key themes included the need for clear guidelines, the development of national strategies
and frameworks, and the importance of capacity building and stakeholder engagement.
A panel discussion with private sector representatives from IETA, VCMI, Sylvera, and Gold Standard addressed
the crucial role of the private sector in the carbon market and the implementation of Article 6. The discussion
shed light on the challenges related to crediting programs, the quality of carbon credits, and the developmentof standards for high-integrity voluntary carbon markets. The consensus emphasized the necessity of private
sector involvement and innovative solutions to overcome obstacles and enhance the effectiveness of Article 6.
The closing remarks by Kazuhisa Koakutsu, Director of the A6IP Center, stressed the importance of collaborative
partnerships for the forthcoming fiscal year, starting April 2024. Koakutsu invited participants interested incollaboration to engage with A6IP, highlighting the center's commitment to expanding its efforts and ensuring
the successful implementation of Article 6.

Disclaimer
The organizers have taken diligent measures to maintain objectivity and present a thorough conference
summary. However, it is important to acknowledge the possibility of occasional errors. The organizers do not
accept any liability or responsibility for inaccuracies in this report. We kindly recommend referring to themeeting webpage for additional materials pertaining to each speaker's presentation.

2Opening Remarks
Yutaka Matsuzawa, Vice-Minister for Global Environmental Affairs, Ministry of Environment,Japan

We acknowledge the importance of engagement in Article 6, playing in reaching the 1.5-degree Celsius
target This article is pivotal in driving decarbonization and mobilizing private sector investments, presenting asignificant step towards our goals. The establishment of the Article 6 Implementation Partnership at COP27, ismaking headway with its authorization, reporting, and tracking activities – essential components for successful
implementation. The support package introduced at COP28 is a welcome development. We trust that today's
meeting will pave the way for collaborative discussions on further advancing Article 6 implementation.

Session 1: Overview of Article 6 Implementation Partnership (A6IP) Progress and Future Plans
Kazuhisa Koakutsu, Director, A6IP Center•The A6IP Center, established after COP27, is dedicated to aiding countries in reaching their net-zero
objectives by facilitating the implementation of Article 6. It provides a variety of resources, including
capacity building tools, a comprehensive support package, and an informative database, all aimed atenhancing the environmental integrity of carbon markets. A specialized working group has been
established to support the deployment of Article 6, with resources available on the A6IP website. At
COP 28, the center showcased its support package, and in early 2024, it partnered with the International
Emissions Trading Association (IETA) to host a webinar focused on engaging the private sector withArticle 6. The A6IP Center has launched a two-year strategic work program concentrating onauthorization tracking and reporting and enhancing National Determined Contributions (NDCs) throughthe high-integrity carbon market. It is committed to promoting cooperation among governments, theprivate sector, and regional organizations to ensure the success and integrity of carbon markets.

Perumal Arugumam, Manager, Mitigation Division, UNFCCC Secretariat•

In response to a directive from COP 26 in Glasgow in 2022, the UNFCCC Secretariat initiated a capacitybuilding work program aimed at fostering voluntary participation in the Article 6 ImplementationMechanism. Throughout 2023, there was significant stakeholder engagement in Clean Development
Mechanism (CDM) Transition activities across Asia, Africa, and Latin America. The UNFCCC supports theimplementation of Article 6 through its Regional Collaboration Centers and has assigned cooperative
approach IDs to participating countries to streamline processes. To further bolster Article 6implementation, the Secretariat is organizing regional webinars targeting the private sector andDesignated National Authorities (DNAs), leveraging climate summits and peer-to-peer learning
workshops. Additionally, it has updated the Article 6 Review training manual and developed aknowledge product detailing the roles and responsibilities of host parties. An extensive knowledge
product is also in the works to demystify Article 6's technical terminology for all stakeholders. Looking
ahead, the Secretariat plans to sign a Memorandum of Understanding (MOU) with the Article 6Implementation Partnership Center by June 2024. This agreement is intended to enhanceadministrative collaboration, streamline the work plan, and ensure the coordinated delivery of work.

Harikumar Gadde, Senior Climate Change Specialist, World Bank•

The World Bank is taking significant steps to support the development of carbon markets in variouscountries, focusing on monetizing high-integrity credits through the Forest Carbon Partnership Facility(FCPF) in 15 countries. They aim to streamline the carbon market processes with an Engagement
Roadmap and collaborate with various partners. A framework to assess countries' readiness for carbon
markets is being discussed, emphasizing infrastructure needs and capacity building for effectiveparticipation. The World Bank is working on customizing carbon market approaches tailored to theunique contexts and capacities of different countries. This involves developing governance frameworks,building market infrastructure, and offering capacity building, with over 30 countries already benefitingfrom the lessons learned. Furthermore, the bank is facilitating carbon pricing and transparency throughinitiatives like a carbon action forum, technical working groups, and the development of an Academy
to enhance capacity on carbon pricing and markets in over 30 countries, utilizing partnerships and tools
to measure impact.

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Session 2: Sharing lessons learned on A6 Implementation● Diana Khan, Program Manager, A6IP

Partnerships play a vital role in the implementation of Article 6 of the Paris Agreement, emphasizing
the importance of providing tailored support packages that align with the specific needs and prioritiesof partner countries. The A6IP Center facilitates this through a structured 6-step process that includes
online consultations and the implementation of support packages. Currently, Thailand, Tunisia, and theBahamas are in the third stage of this support package process, indicating active engagement andprogression towards meeting their Article 6 commitments.

●Paweena Panichayapichet, Manager, Thailand Greenhouse Gas Management Organization●Dr. Alick Muvundika, MZaAS Acting Deputy Director, National Institute for Scientific andIndustrial Research, Zambia

Thailand is actively working to align with Article 6 of the Paris Agreement by focusing on integrating its
Clean Development Mechanism (CDM), Joint Credit Mechanism (JCM), and the domestic Thailand
Voluntary Emission Reduction (T-VER) program. The country is engaging in the transfer of carbon credits
to the Swiss Confederation to contribute towards its Nationally Determined Contributions (NDC). With51 projects already in its pipeline, Thailand is collaborating with the Swiss Confederation on the firsttwo projects for credit transfers. To further enhance its carbon market and meet international
standards, Thailand aims to develop a single registry system for carbon credits. Additionally, it isfocusing on including CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) in
its national plan and improving methodologies for calculating emission factors, demonstrating its
commitment to implementing Article 6 and advancing its environmental goals.

Zambia is making strides towards achieving its conditional NDC target of a 47% emissions reduction byleveraging carbon markets. The country is developing a comprehensive national strategy to implement
Article 6 of the Paris Agreement, which includes drafting a climate change bill and aligning forestry
regulations accordingly, with support from the Global Green Growth Institute under the SPAR6C
Project. Efforts are underway to update Zambia's Nationally Determined Contribution (NDC) andestablish a carbon market framework that outlines guidelines for project developers, including
requirements and timelines for the submission, review, and authorization of mitigation and adaptation
projects. Additionally, Zambia is working on creating an integrated measurement, reporting, andverification system for carbon market activities, aided by the Spark program. This initiative underscores
the importance of tracking mitigation activities and enhancing the capacity of both private andgovernment stakeholders in the carbon market. Significant progress in Article 6 implementation isevident through bilateral agreements with Sweden, Switzerland, Germany, and Singapore. By aiming toenact a climate change bill by the beginning of the next month, Zambia seeks to attract more carbon
projects and further support capacity building within the country.

●Raïda El Elj, Director of Implementation and Support Mechanisms, Climate Change
National Coordination Unit, Ministry of Environment, Tunisia

Tunisia is focused on engaging in cooperative approaches under Article 6 of the Paris Agreement, withan emphasis on renewable energy and industrial processes as outlined in its Nationally Determined
Contributions (NDC). The country aims to effectively implement Article 6, prioritizing the developmentof authorization arrangements and enhancing national inventory reports. To support this effort, Tunisia
plans to establish a framework for tracking Internationally Transferred Mitigation Outcomes (ITMOs)
and make necessary legal adjustments, while also addressing capacity gaps among stakeholders.
Collaborating with the Center for Environment, Technology, and Development, the Tunisiangovernment is working to boost capacity for Article 6 implementation. This includes organizing
technical workshops to tackle capacity and reporting challenges within Tunisia, demonstrating thecountry's commitment to fulfilling its obligations under the Paris Agreement and enhancing its
contribution to global efforts against climate change.

4●Dr. Krishan Kishor Garg, Joint Director/Scientist-D (HSM DIVISION), Ministry ofEnvironment, Forest and Climate Change, India

India has taken significant steps towards implementing Article 6 of the Paris Agreement by establishinga new authority dedicated to this purpose. The country is planning to undertake 13 activities underArticle 6.2, focusing on renewable energy and carbon capture, and is engaging in bilateral discussions
with Japan, Singapore, and South Korea. Additionally, the Indian government has announced a carbon
trading scheme aimed at developing the domestic carbon market. While working with variousorganizations to implement Article 6, India has not yet set specific targets for non-obligated entities.

●Dr. Alexandra Soezer, Director, Climate Action Center of Excellence (CACE), Gulf
Organization for Research and Development

Dr. Soezer shared insights from her previous role at UNDP on implementing Article 6 of the Paris
Agreement across various countries. They encountered challenges such as the complexity oftransferring mitigation outcomes and their costs, uncertainties in corresponding adjustments impacting
investor decisions, the constraint of utilizing mitigation outcomes within the same NDC cycle limiting
market opportunities, and the presence of only small mitigation opportunities in potential sellercountries. To tackle these issues, UNDP offered solutions like capacity building on Article 6 frameworks,
providing registry solutions, and aiding in project development. They supported the creation of Article
6 frameworks that featured institutional arrangements with clear roles and responsibilities, defined
workflows and authorization processes for project execution, mechanisms for tracking and reportingfor effective monitoring, and a structured fee system for corresponding adjustments and operational
support.

Session 3: Panel discussion on A6IP actors in the private sector
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Andrea Bonzanni, International Policy Director, IETA
Lydia Sheldrake, Director of Policy and Partnership, VCMI
Ben Rattenbuy, Vice President of Policy, Sylvera
Hugh Salway, Senior Director, Market Development and Partnerships, Gold Standard

Key takeaway from Panel Discussions included:

During a panel discussion on the role of A6IP actors in the private sector, key figures from variousorganizations shared their insights on implementing Article 6 of the Paris Agreement. A primary concern
highlighted was the absence of clear guidance on how crediting programs under Article 6 should
operate, which introduces uncertainty for both governments and businesses.
o Gold Standard is collaborating with the Singapore government to develop a comprehensive
playbook for executing Article 6 through crediting programs, aiming to clarify the roles ofregistries, the definition of terms such as "issuance" and "credit", and enhancing
communication between entities. VCMI focuses on ensuring that voluntary carbon markets
support Article 6 objectives, developing standards for high-integrity markets, and aiding
capacity building for countries exploring voluntary carbon markets.
o Sylvera contributes by offering carbon credit ratings, advocating for a nuanced view of carbon
credit quality as a spectrum and emphasizing the importance of directing finance towards
projects with significant climate benefits. IETA, representing the business side of carbon
markets, tracks Article 6 negotiations progress and educates the private sector on emerging
opportunities, in addition to conducting workshops and capacity-building initiatives in specificcountries.
o The panelists unanimously recognized the vital role of the private sector in the successful
implementation of Article 6 and are engaging in various initiatives to tackle the challenges andleverage the opportunities ahead. The session also hinted at the anticipation of collaborative
efforts at the regional level, especially with the approaching June 2024 Sessions.

Closing Remarks by Kazuhisa Koakutsu, Director, Article 6 Implementation Partnership Center

As we enter a new fiscal year In April 2024, we are excited with the opportunity to expand our efforts.
A6 requires collaborative partnerships to implement Article 6.Director Koakutsu encouraged participantsinterested in collaborating to reach out to A6IP.

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