Background

The Collaborative Instruments for Ambitious Climate Action (Ci-ACA) initiative, supported by the government of Germany, has played a crucial role in promoting carbon pricing and carbon markets in developing countries since 2016.

Objectives

In this event, various Parties, with support from six UNFCCC Regional Collaboration Centres (RCCs) through the Ci-ACA initiative, will share their experiences and lessons learned in exploring and implementing carbon pricing instruments to achieve their climate commitments.

Key takeaways

• The Collaborative Instruments for Ambitious Climate Action (Ci-ACA) initiative, supported by the government of Germany, has played a crucial role in promoting carbon pricing and carbon markets in developing countries since 2016.
• At this event, six Ci-ACA partners around the world — Panama, Nigeria, Ethiopia, Bhutan, the Dominican Republic, and the Eastern Africa Alliance on Carbon Markets and Climate Finance — shared their experiences and lessons learned from ongoing Ci-ACA activities, implemented through six UNFCCC Regional Collaboration Centres (RCCs).
• The event brought together stakeholders to showcase a variety of carbon pricing instruments and market mechanisms, including carbon taxes, emission trading system, carbon market strategies and the positive list under Article 6 of the Paris Agreement.
• The speakers highlighted the importance of the CiACA support in exploring tailor-made carbon pricing approaches, fostering stakeholder engagement and implementing their NDCs, especially the new round of NDCs – NDCs 3.0.

Credit: UN Climate Change

Credit: UN Climate Change

Credit: UN Climate Change