Nordic approaches to support global carbon market cooperation

Tuesday 9 November 2021

10:00-12:30 GMT (12:00-14:30 UTC+2)

Location: Nordic Pavilion, COP26 Venue (Hall 4), Glasgow + Online streaming

Organised in collaboration with Global Green Growth Institute (GGI), Eastern Africa Alliance, Ministry of Climate and Environment of Norway, Perspectives Climate Group, Swedish Energy Agency, UNEP DTU Partnership and WOCAN.

How do we ensure continued ambition raising and sustainable development at the same time as a robust trading market? The Nordics plays an important role in putting the Paris Agreement mechanisms into practice. The event will outline the Nordic perspectives and give an overview of ongoing activities supporting the development of a global carbon market.

Online streaming

The event will be streamed through www.wedonthavetime.org, which is streaming all Nordic events from Glasgow and Helsinki.

Agenda

10:00-10:50 Session A: The road to implementation – What shape will the future carbon market take?

Practical progress with Article 6 piloting influencing market design, projects-to-policy approaches, governance frameworks to accommodate requirements for corresponding adjustments and integrating environmental integrity.

Moderator: Ash Sharma, Head of the Beyond the Grid Fund for Africa (BGFA) and Chair for Nordic Initiative for Cooperative Approaches at Nefco

10:00 Introduction by moderator

10:05 GGGI/ Swedish Energy Agency / Norway Ministry of Climate & Environment

Global Green Growth Institute (GGGI) will share their practical experience in rolling out Article 6 pilots across over 7 countries which started in 2019. Through funding from both Sweden and Norway progress has been made in both identifying and laying the groundwork for carbon trading within governments, based both on projects and policies. They will be joined by government representatives from countries within the programs who can share their experience on the challenges of establishing the enabling environment for trade in their countries and the opportunities they see for the future.

Speakers:

  • Fenella Aouane, Head of Carbon Pricing Unit, Global Green Growth Institute
  • Abdelghani Boucham, Head of Climate Change, Department of Environment, Ministry of Energy Transition and Sustainable Development, Morocco

10:20-10:35: Nordic Initiative for Cooperative Approaches / Eastern Africa Alliance

The Nordic Initiative for Cooperative Approaches (NICA), financed by Finland, Norway, Sweden, Nordic Council of Ministers and Nefco, strives to demonstrate how international partnerships can scale up and accelerate ambitious climate action, promote sectoral approaches, sustainable development and harness private sector finance and innovation.

The Eastern Africa Alliance will present the work on future carbon market readiness in Uganda, including comments on institutional and legal framework such as principles on sharing of proceeds and corresponding adjustments.

Speakers:

  • Kari Hämekoski, Senior Programme Manager, Nefco
  • Bianca Gichangi, Coordinator, Eastern Africa Alliance on Carbon Markets and Climate Finance

10:35 Moderated discussion and Q&A


10:50 Coffee break


11:00-12:05 Session B: Supporting the push to meet and go beyond Nationally Determined Contributions (NDCs)

How do we ensure continued ambition raising and sustainable development at the same time as a robust trading market?

Moderator: Ingvild Solvang, Department Director and Head of Climate Action and Inclusive Development Unit at Global Green Growth Institute (GGGI)

11:00 Introduction by moderator

11:05 Perspectives Climate Group / Swedish Energy Agency

A new study, commissioned by the Swedish Energy Agency, analyses how governments and carbon market stakeholders can ensure that Article 6 cooperation takes into account impacts on the achievement of NDC targets and NDC implementation plans, promotes sustainable development and enables ambition.

The launch of the study will give opportunities to reflect on its key messages and the insights for preparations of governments to step up their readiness for carbon market participation.

Speakers:

  • Aglaja Espelage, Consultant, Perspectives Climate Group
  • Pham Van Tan, Deputy Director General for Climate Change, Climate Focus, Vietnam

11:20 WOCAN (Women Organizing for Change in Agriculture and Natural Resource Management) / Swedish Energy Agency

The scaling of carbon markets has potential to support financial flows that enable women entrepreneurs and women’s groups to benefit from carbon projects, thus supporting SDG5 objectives. The event will discuss an Article 6 pilot activity by Swedish Energy Agency, which supports gender equality by generating W+ labelled mitigation outcomes.

Speaker:

  • Jeannette Gurung, Executive Director, WOCAN

11:35 UNEP DTU Partnership

Establishment of a Community of Practice (CoP) for policy dialogue and capacity building activities among Parties, private sector and voluntary market players can accelerate and enhance implementation of Article 6 cooperative approaches. This event will present views and options for a CoP to promote sustainable development and high ambition in Article 6 implementation.

Speakers:

  • Karen Olsen, Senior Researcher, UNEP DTU Partnership
  • Felipe de Leon, Advisor to the Climate Change Directorate, Ministry of Environment, Costa Rica and lead for the San José Principles

11:50 Moderated discussion and Q&A

12:05 Cross panel discussion and final perspectives

Moderators

Ingvild Solvang is the Deputy Director, Head of the Climate Action and Inclusive Development, GGGI Ingvild Solvang, GGGI

Ingvild Solvang is the Deputy Director, Head of the Climate Action and Inclusive Development in GGGI. She has 20 years’ experience in international development, humanitarian affairs and climate action. With a postgraduate degree in Social Anthropology from the University of Oslo, studies in gender at SUNY Buffalo and Forced Migration at University of Oxford, she is particularly engaged in issues of gender equality, social inclusion, and poverty eradication.

Ash Sharma, Head of the Beyond the Grid Fund for Africa, Nefco

Ash Sharma is currently Senior Director at the Nordic Environment Finance Corporation and the fund manager of the BGFA. He is a climate, environmental finance, policy and investment specialist with over 30 years of experience in over 60 countries, with a current focus on Africa. During 2016-2018, he was seconded by the Danish Ministry of Foreign Affairs (Danida) as Senior Adviser to the NAMA Facility in Berlin. Sharma has served on various international climate change steering and working groups for Nordic Council of Ministers, UNEP, World Bank, G8 and G20 and has been an adviser to the European Commission, Innovate UK and the Climate Policy Initiative.

Moderated by

Nefco logo in green

GGGI logo

Contacts

Lia Oker-Blom

Senior Communications Officer

+358 10 6180 671
+358 50 325 6610
lia.oker-blom@nefco.int
Swedish, Finnish, English, Danish, German