At a Glance
Publication Date | December 2023 |
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Format | |
Country | Colombia |
Thematic Areas | Carbon Pricing, Carbon Trading, Climate Action |
The Readiness and Needs Assessment (RNA) for Article 6 Implementation in Colombia reveals that the country is well positioned to strategically benefit from carbon trading under Article 6 of the Paris Agreement. The main objective for Colombia is to implement and fulfill the Nationally Determined Contribution (NDC) and use the carbon market to drive climate action. At the core of improving Article 6 readiness, therefore, is improving readiness to leverage both international and existing domestic market mechanisms. This technical brief provides a summary of the RNA undertaken by SPAR6C and provides key findings and recommendations for increasing Colombia’s Article 6 readiness.