SHARM EL SHEIKH, EGYPT — At a side event of the UN Climate Conference, government representatives from Chile and New Zealand expressed interest in and support for considering the creation of a climate action team agreement between the two countries.
“Climate Action Team” is a cooperation mechanism within Article 6.2. The Paris Agreement consisting of one “host” country and one or more “partner” countries. Under multi-year agreements, partners will help host countries accelerate climate change and decarbonization efforts beyond their own climate goals (Nationally Determined Contribution (NDC)) to generate social benefits. Partners are rewarded by claiming credits for emission reductions generated through the Climate Action Team.
The event featured a panel discussion exploring the potential for a CAT between Chile and New Zealand, the benefits a CAT could offer to both countries, the challenges and next steps to start the exploration process.
“Chile is open to initiatives under Article 6 of the Paris Agreement, such as those proposed by the Climate Action Team. and find out what this means in practice. Having the resources to generate the relevant information and analysis to make an informed decision can be very helpful. ,” said Rodrigo Arriagada, head of information and environmental economics at the Chilean Ministry of Environment.
Santiago Lorenzo, Head of Climate Change Division at the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said: “I believe ECLAC support is very viable in the exploratory process with Chile and other regional countries participating in this initiative.”
New Zealand Climate Ambassador Kay Harrison said: “New Zealand looks forward to exploring innovative cooperation with an ambitious partner like Chile.”
The side event also included presentations on three different models of large-scale mechanisms to finance climate action and just energy transitions in developing countries. The Just Energy Transition Partnership (JETP), the US-led Energy Transition Accelerator, and Accelerated Emission Reductions. Forest Finance (LEAF) Federation. Speakers appeared from the governments of Chile, New Zealand and the United States. Environmental Defense Fund (EDF); and International Emissions Trading Association (IETA).
“To tackle the climate crisis, we must act with scale, speed and integrity. , chief economist at the Environmental Defense Fund: “These are beginning to be designed and implemented to help countries get the support they need to raise their climate goals. It is a model that must be