Contributing to UNFCCC Processes through our Science and Engagement

The submission led to an invitation from the UNFCCC to speak and present the example we noted in the submission less than three months later, at the in-session workshop on non-market approaches at the 2024 June UN Climate Meetings, otherwise known as SB 60, in Bonn, Germany.

Non-market approaches (NMAs for short), are among the mechanisms referred to in the Paris Agreement that encourage voluntary cooperation among parties and different sectors.

As defined in Article 6.8, NMAs are “integrated, holistic and balanced” voluntary cooperation mechanisms that assist parties in implementing their nationally determined contributions (NDCs) to the agreement while delivering sustainable development outcomes and reducing poverty. Apart from promoting climate action and public-private collaboration, NMAs allow opportunities for coordination across instruments and relevant institutional arrangements.