Carbon Markets Sample Clauses

Carbon Markets. The Parties intend to cooperate to promote and facilitate carbon market activities in the region. Such cooperation may occur in the context of other carbon market partnerships and capacity building initiatives, and may include: (a) sharing information and best practices to promote compatibility, credibility, and stability in the development and implementation of carbon markets, including information and best practices regarding transaction and finance measures, related regulations, and cooperative approaches under Article 6 of the Paris Agreement; (b) capacity building for participation in carbon markets, including for: (i) planning for engagement in carbon markets to support mitigation plans; (ii) engaging in, tracking, and reporting on cooperative approaches and activities under Article 6 of the Paris Agreement; (iii) developing registries, including national registries, tracking systems, and their interoperability as relevant; and (iv) enhancing the availability of local and regional validators and verifiers to effectively accommodate the expanding needs of carbon markets in the region; (c) promoting availability, application, and alignment of carbon credit certification standards, such as their methodologies or procedures, with principles and safeguards for environmental and social integrity and transparency, including ensuring that mitigation activities and their results are real, measurable, independently verified, additional, and permanent (including avoiding or fully addressing any instances of reversals), avoid double counting, and contribute to sustainable development. This may include collaborating on the development of such mitigation activities, as appropriate, including under Article 6 of the Paris Agreement; (d) encouraging public- and private-sector entities, including through partnerships or initiatives, to invest in, implement, or otherwise support high-quality mitigation activities, such as those implemented under Article 6 of the Paris Agreement, so as to generate credible supply and demand in international carbon markets; and (e) promoting public- and private-sector partnerships involving carbon market activities that enable the implementation and achievement of nationally determined contributions and increased ambition of mitigation and adaptation in the region.
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Carbon Markets. The Parties acknowledge the social, environmental and economic opportunities from Forests presented by emerging carbon markets.
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Carbon Markets. Recognising that: (i) cooperative approaches under Article 6 of the Paris Agreement are an important part of efforts to raise global climate ambition and meet the Paris Agreement goals; (ii) emitters should first seek to reduce emissions before turning to carbon markets; (iii) interest in carbon markets is increasing globally, and markets are expanding rapidly, as governments and the private sector set ambitious emissions reduction targets; (iv) establishing standards and systems across our region are important to xxxxxx and facilitate participation in high-integrity carbon markets; and (v) robust international carbon markets that trade in verifiable, high integrity offsets will enable economic growth, job opportunities, investment, environmental protection, capacity building, scaling of technology, and benefits to local communities, among many other benefits, we will collaborate to: (vi) support the development of compatible and credible international carbon markets that demonstrate high standards of social and environmental integrity, in alignment with Article 6 of the Paris Agreement; and (vii) support, strengthen and enhance climate actions by partners in the region, including through mobilising resources, such as private and institutional capital, and facilitating the research, development and deployment of innovative low- emissions technology through the development of carbon markets, by undertaking the following cooperative activities: (viii) cooperate to support internationally harmonised rules and well-functioning carbon markets; (ix) share our technical expertise in carbon accounting, and our experience in operating carbon markets, including the development of relevant institutional and regulatory infrastructure for participation in Article 6 of the Paris Agreement; and (x) build on our existing exchange of measurement, reporting and verification (MRV) expertise and experience, with a view to sharing that experience with our region, recognising that transparency and MRV underpin the integrity of carbon offsets, and help build the confidence of the private sector to participate in carbon markets.
Sample 1
Carbon Markets. The Paris Agreement establishes the international policy infrastructure required to support carbon markets, at a domestic, regional and international level. As discussed above, countries are able to include market mechanisms as part of the approach that they will use in their NDCs, supporting the possibility of domestic carbon markets. Countries are also able to jointly agree on NDCs, thus creating a framework by which regions could group together to develop carbon markets. Internationally, the new mechanism for mitigation and sustainable development outcomes could potentially allow for programs and projects to be developed for which outcomes could be traded in an international carbon market. While this high-level policy framework has been laid out by the UNFCCC, further detailed rules are still to be set down by the CMA. To that end, some of the key outstanding issues to be considered are: − how the CDM and generated CERs will interact with the mechanism. It is not clear at this stage whether CERs will be able to be used as part of the Agreement framework. However, a hint in this regard is that the Paris Decision encourages Parties to promote the voluntary cancellation of units issued under the Kyoto Protocol. − the nature and scope of the projects and programs which can be used as part of the trading mechanism. For instance, it will be important to determine with the mechanism will include sustainable development outcomes as well as carbon outcomes; − what "mitigation outcomes" will be encompassed by ITMOs , and whether all of such outcomes will be able to be used cooperatively with other countries; and − whether the new project mechanism, which does not expressly require projects to be located in developing countries, will allow for developed country project based international credit trading. In addition to the negotiated outcomes, there were also a number of multilateral information sharing and joint initiatives between negotiating states suggesting a resurgence of interest in carbon markets: − the Ministerial Declaration on Carbon Markets which was a coalition of countries formed to "ensure the development of standards and guidelines for the environmental integrity of international market mechanisms used towards nationally determined mitigation contributions"; − the Carbon Pricing Leadership Coalition, which is a group that aims to bring together government, private sector and civil society leaders to discuss carbon pricing; − the G7 Carbon Market Pl...
Sample 1

Related to Carbon Markets

  • DIRECT MARKETING Prior to the introduction of any new product or service which Competitive Supplier may wish to make available to Participating Consumers or other Eligible Consumers located within the Town, Competitive Supplier agrees to (i) give the Town written notice of such new product or service and (ii) subject to the entry into reasonable confidentiality terms to the extent permitted by law and mutually acceptable to the Parties, discuss with the Town the possible inclusion of such new product or service in this aggregation program. The Parties agree to negotiate in good faith the terms, conditions, and prices for such products and services which the Parties agree should be included in a Town aggregation program. Competitive Supplier also agrees not to engage in any direct marketing to any Participating Consumer that relies upon Competitive Supplier’s unique knowledge of, or access to, Participating Consumers gained as a result of this ESA. For the purposes of this provision, “direct marketing” shall include any telephone call, mailing, electronic mail, or other contact between the Competitive Supplier and the Consumer. Broad-based programs of the Competitive Supplier that do not rely on unique knowledge or access gained through this ESA will not constitute such “direct marketing.”

  • Procurement of Goods and Services (a) If the HSP is subject to the procurement provisions of the BPSAA, the HSP will abide by all directives and guidelines issued by the Management Board of Cabinet that are applicable to the HSP pursuant to the BPSAA. (b) If the HSP is not subject to the procurement provisions of the BPSAA, the HSP will have a procurement policy in place that requires the acquisition of supplies, equipment or services valued at over $25,000 through a competitive process that ensures the best value for funds expended. If the HSP acquires supplies, equipment or services with the Funding it will do so through a process that is consistent with this policy.

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