| Sumario: | Significant progress was made at COP29 in Baku under Article 6 of the Paris Agreement, particularly with the advancements in the operationalization of Article 6.8, which supports non-market mechanisms (NMAs). These developments are expected to enhance international cooperation on mitigation and adaptation, providing countries with additional tools to meet their climate commitments effectively.
This webinar will explore the concept of non-market approaches, their historical evolution, and their role within UNFCCC negotiations. Using a fire chat approach experts will share insights on the latest advancements, what to expect in the lead-up to COP30, and how NMAs can be leveraged to drive meaningful climate action. Key experiences will be shared, including the role of the African Development Bank (AfDB) in supporting the first NMA registration on the UNFCCC platform.
Bringing extensive experience in climate finance, Gareth Phillips, Manager of the Climate and Environment Finance Division at AfDB, will provide insights into the bank’s work on Paris Agreement alignment, adaptation finance, and the development of the Adaptation Benefits Mechanism under Article 6.8. With over 25 years in climate change and sustainability, Gareth has worked across GHG accounting, inventory verification, the Clean Development Mechanism, and Emission Trading Systems.
Stephen Leonard, Director and Founder of Rationale Advisors, will bring his expertise in international environmental law and UN climate negotiations, drawing from over a decade of experience in Green Climate Fund (GCF) policy and project development. His work has involved advising UN agencies, intergovernmental organizations, and NGOs on accreditation, readiness, and policy development for climate finance mechanisms.
Adding to the discussion, Peter Riggs, Director of Pivot Point, will share perspectives from his leadership of CLARA—Climate Land Ambition and Rights Alliance, an international network focused on climate change and land use. With a background spanning roles at the Ford Foundation, Rockefeller Brothers Fund, and the Forum on Democracy & Trade, he brings a wealth of experience in policy advocacy and sustainable land-use strategies.
This session will be moderated by CGIAR’s Eliza Villarino from the Alliance of Bioversity and CIAT.
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