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Sharon Seah, Associate Director at the Centre for International Law, National University of Singapore (NUS), addresses the UN Climate Action Summit as she unravels her analysis of the Article 6 of the Paris Agreement.
Seah states that Article 6 is referred to as the "market article". According to Seah, Article 6 is the most important piece of the Paris Agreement because it provides a framework for international cooperation that allows businesses and the private sector to play a key part, alongside governments, in helping countries meet their NDCs.
Article 6 outlines three types of cooperative mechanisms that States can utilise to meet their NDC targets: Article 6.2 covers “voluntary and authorised” cooperative approaches, Article 6.4, referred to as 'The Mechanism', covers market-based approaches, and Article 6.8 builds a voluntary framework for non-market based approaches.
Seah divulges that the most challenging and critical part of sewing Article 6 together is ensuring that all three approaches develop and progress in a balanced and coherent manner.
Seah expresses that recommendations are to be presented at the upcoming Climate Action Summit in New York, where world leaders, climate activists, and youth leaders are urged by Secretary-General Antonio Guterres to come up with 'a plan, not a speech'. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Silicon Valley Community Foundation, California Endowment
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Foundation: California Community Foundation, California Endowment
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Foundation: Citi Foundation
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Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
