The same will be done at the international level, according to UNFCCC.

Some issues remain unresolved

But there are still some points that have to be clarified. The main issues still to be resolved concern the use of cooperative approaches, as well as the sustainable development mechanism, as contained in the Paris Agreement’s article 6. These would allow countries to meet a part of their domestic mitigation goals through the use of so-called “market mechanisms”.

Market mechanisms provide flexible instruments for reducing the costs of cutting emissions, such as carbon markets. The Paris Agreement recognises the need for global rules to safeguard the integrity of all countries’ efforts. These global rules are important to ensure that each tonne of emissions released into the atmosphere is accounted for and that progress towards the emission-limitation goals of the Paris Agreement can be accurately measured.

Consequently, of this, countries have agreed to finalise the details for market mechanisms in the coming year in view of adopting them at the next UN Climate Change Conference (COP25).

The ‘Talanoa Call for Action’

The closing session of the Talanoa Dialogue concluded 21 ministerial roundtables that brought together nearly 100 ministers and over 40 non-Party stakeholders.