Views on Non-Market Approaches (NMA)

Scope for Integrated Global Greenhouse Gas Information System (IG3IS)

Non-Market Approaches (NMA)

Article 6.8 of the Paris Agreement refers to voluntary cooperation between Parties to achieve their climate action goals without involving the transaction of carbon or quid pro quo operations. It offers a framework for exploring alternative methods to achieve nationally determined contributions (NDCs) and highlights the role of non-market approaches in promoting sustainable development and enhancing resilience to climate change. It aims to:

• Promote mitigation and adaptation ambition.

• Enhance participation of public and private sector and civil society organizations in the implementation of nationally determined contributions; and

• Enable opportunities for coordination across instruments and relevant institutional arrangements.

Parties can collaborate on financial assistance, technology development, and capacity-building. Non-market approaches may include capacity-building programmes, clean energy technology projects, and funding mechanisms like grants and concessional loans to support climate-resilient development.