Walls and Bridges to Cooperative Approaches

Developing countries, for a long time relegated to a passive role in international actions to curb climate change, now have the opportunity to reverse that trend.

In this report, Criticaleye Partner EY discusses the several obstacles (also referred to as 'walls') and opportunities ('bridges') to explore cooperative approaches under Article 6 of the Paris Agreement.

Key Takeaways:

• Carbon trading could facilitate the removal of 50 percent more emissions (about 5 gigatons of carbon dioxide per year by 2030) at no additional cost.

• As Indigenous Peoples and Local Communities (IPLCs) own, inhabit and use a quarter of the planet’s territory and protect 80 percent of the remaining global biodiversity, the need is clear for them to be included within the international community’s efforts to develop cooperative approaches under Article 6.

• Cooperation between the public and the private sector is key and can help to close ambition gaps in climate change mitigation.