11 Dec 2023

COP28: Accelerating the energy transition with Article 6 carbon markets

COP28 – Official UNFCCC side event: Accelerating the energy transition with Article 6 carbon markets

Date & time: 11 December – 13:15-14:45 (GMT+4)
Location: COP28 venue, Blue Zone, Room SE 7

A robust and efficient Article 6 carbon market offers tools to mobilise public and private finance for climate action. This high-level session explores the potential of Article 6 and carbon finance, along with evidence of progress on the ground to support the energy transition.

Three hosts have come together to show how Article 6 can bolster the energy transition through use of high-integrity carbon trading. The opening presentation by International Energy Agency (IEA) will provide context and insight into the far-reaching impact Article 6 can have in the global energy transition. Subsequent panel discussion offers a unique opportunity that brings together the speakers representing both sides of the trade, Sweden and Nepal, along with Global Green Growth Institute (GGGI) who offers technical assistance to support Article 6 transactions.

The audience will gain insights into on-the-ground project implementation where carbon trading plays a pivotal role in amplifying the scale of climate actions through interventions from BURN Manufacturing and Nefco’s programmatic activities related to clean cooking and off-grid energy solutions in Sub-Saharan Africa. The event also highlights the undeniable reality that reaching climate goals on the required scale hinges on the active participation from the private sector and features their perspectives on Article 6 markets.

Watch the event

The event will be live streamed on UNFCCC’s YouTube channel and the event stream can be accessed here.


13:15Welcoming remarksRomina Pourmokhtari, Minister for Climate and the Environment, Sweden
13:25KeynoteCollins Nzovu, Minister of Green Economy and Environment, Zambia
Scene-setting presentation on recent findings on potential of Article 6 to promote energy transition in developing countries.
Luca Lo Re, Analyst, Environment and Climate Change Unit, International Energy Agency (IEA)
13:45Panel Discussion 
The panel will share their views and experiences as the pioneers of the nascent Article 6 market. Audience will learn about the progress in implementing international carbon trading and energy transition in different countries and through various institutions aiming to accelerate climate action.
Fenella Aouane, Head of Carbon Pricing, Deputy Director, Global Green Growth Institute (GGGI); Molly Brown, Head of Carbon Strategy, BURN, Kenya; Nawa Raj Dhakal, Executive Director, Alternative Energy Promotion Centre (AEPC), Nepal; Kari Hämekoski, Senior Programme Manager, Nefco – the Nordic Green Bank; Sandra Lindström, Head of International Climate Cooperation, Swedish Energy Agency (SEA)

Moderator: Luca Lo Re, Analyst, Environment and Climate Change Unit, International Energy Agency (IEA)
14:25Questions from the audienceModerator
14:40Concluding remarks

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