Finance, Economics and Project Performance

hace 2 semanas

Bogotá, Bogotá D.E., Colombia Global Green Growth Institute A tiempo completo

INTRODUCTION TO GGGI:


The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies.

To learn more please visit about GGGI web page.

GENERAL INFORMATION:

  • Project: Supporting Preparedness for Article 6 Cooperation (SPAR6C) Program
  • GIS05E103
  • Duty Station: Bogotá, Colombia
Contract Duration: 22 July May 202- Consultant Level: Level - Daily Rate

PROJECT BACKGROUND:


The Carbon Pricing Unit (CPU) of GGGI is implementing several programs related to scaling up international carbon trading, now covered by Article 6 of the Paris Agreement.

By opening these markets and the resultant flow of transactions it is envisaged a robust and reliable global price for carbon can be established, something many governments and private sector actors have long called for as a way to motivate the transformational change needed to achieve the ambitious goals of Paris.

GGGI's Article 6 programs provide technical assistance and capacity building to government counterparts to improve their readiness for Article 6 engagement.

These programs support the design of projects and policies for pilot transactions and strengthening of institutional frameworks required for their implementation.

The Supporting Preparedness for Article 6 Cooperation (SPAR6C)


Program, funded by the International Climate Initiative (IKI) of the German government, is a five year, 20M EUR program currently in its final stages of approval, with implementation expected to begin in Q Its objective is to use Article 6 (A6) cooperative approaches to engage the private sector in NDC implementation and to raise ambition.

This will enable cost-efficient, flexible, high integrity carbon markets with positive sustainability impacts. Transformative design of A6 pilots for real transactions of internationally transferred mitigation outcomes (ITMOs) will be enabled by research-based capacity building in four partner countries:
Colombia, Pakistan, Thailand and Zambia. The program consists of six work packages, of which two are centrally managed and four are country driven.

In the first two, best practice tools and approaches to implement cooperative mechanisms will be developed, underpinned by an international forum - a high ambition community of practice - that brings together countries and practitioners, who share the common objective of raising ambition through markets.

In-country implementation will focus on three areas of work in each of the four countries:
1) Long-term planning, 2) institutional readiness to transact and 3) pilot design and transactions.

More than eight A6 pilot programs will be implemented in Colombia, Pakistan, Thailand and Zambia based on a toolbox of innovative guidance and approaches for transformative A6 design.


The program is implemented through a consortium led by GGGI and consisting of UNEP Copenhagen Climate Centre, Carbon Limits AS, GFA Consulting Group GmbH, and Kommunalkredit Public Consulting GmbH.

SPAR6C is supporting Colombia in developing its institutional, regulatory, and technical framework and capacities to embark on Article 6 transactions of ITMOs during the NDC implementation period of Paris Agreement.


The Supporting Preparedness for Article 6 Cooperation (SPAR6C) Program is supporting Colombia in developing its institutional, regulatory, and technical framework and capacities to embark on Article 6 transactions of ITMOs during the NDC implementation period The program's first stage has been the development of a Readiness and Needs Assessment for implementing Article 6 (RNA), which examines the country's capacities and systems to consolidate a strategy and guiding principles, institutional and procedural framework, and monitoring tools related to Article 6.

The analysis was carried out based on secondary information registered in the NDC, the National GHG Emissions Inventory, the Biennial Update Report, and existing policies and regulations related to climate change, among others.

Workshops were held with the Ministry of Environment and Sustainable Development to identify the country's progress in terms of regulations regarding cooperative approaches to Article 6, and what actions and activities are necessary to begin Colombia's enlistment.

To collect primary information, semi-structured interviews were conducted with relevant market actors, including the government, the private sector, and cooperation agencies.


The RNA developed by the program identifies the need to include additional costs related with the implementation of the mitigation measures that may not been included in the marginal abatement cost curves (MACC) analysis.

During the last two years, the Colombian government had work in the identification of new mitigation activities and the update of MACC of the measures already ident

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