Net-zero energy housing virtual Article 6 pilot
Article 6 of the Paris Agreement provides the framework for a new generation of carbon markets in a context where all countries are supposed to formulate and implement ambitious Nationally Determined Contributions (NDC) towards a temperature target and ratchet their contribution on a regular basis.
Under this new regime, carbon market mitigation activities must account for, encourage and enable – and most importantly not be a disincentive for increased domestic climate action. With the final rules for Article 6 being an issue of ongoing negotiation, virtual pilots can help contribute to the discussion regarding rulemaking for Article 6 and inform new approaches to cooperation. NewClimate Institute identified the construction of net-zero energy buildings (NZEBs) in Colombia as a promising emission reduction option for a virtual Article 6 pilot.