Kathmandu, January 23, 2025 – A two-day knowledge exchange event on Article 6 of the Paris Agreement is underway at the Kathmandu Marriott Hotel, bringing together experts, government officials, and private sector stakeholders. Organized by the Ministry of Forests and Environment (MOFE) in collaboration with the Global Green Growth Institute (GGGI), the workshop aims to bolster Nepal’s capacity to participate in international carbon trading through enhanced governance frameworks and mitigation activities.
The event is part of the Mobilizing Article 6 Trading Structures (MATS) Program, which has been active in Nepal since 2020 with support from the Swedish Energy Agency. The program focuses on establishing frameworks to facilitate the implementation of Nepal's Nationally Determined Contribution (NDC) under the Paris Agreement. A key outcome of the program is expected to be the facilitation of Internationally Transferred Mitigation Outcomes (ITMOs) between Nepal and Sweden, unlocking access to results-based carbon finance.
Speaking on the occasion, GGGI representatives highlighted their role in drafting Nepal’s Article 6 Mitigation Activities Guidelines, which will serve as a subsidiary to the country’s Environment Protection Regulation. These guidelines are designed to ensure transparency, accountability, and the effective transfer of ITMOs, aligning with Nepal’s climate goals and sustainable development priorities.
The workshop includes interactive sessions that cover the following objectives:
Building awareness of international carbon markets and the role of host countries and private sector actors.
Exploring the carbon project cycle, with practical examples from around the world.
Introducing a roadmap for Nepal’s Article 6 implementation and soliciting stakeholder feedback on key design elements such as authorization criteria and fee structures.
Facilitating informed decision-making among government officials to accelerate Nepal's participation in global carbon markets.
This initiative aligns with the recent bilateral agreement signed between the Governments of Nepal and Sweden during COP29 in November 2024, further cementing Nepal’s commitment to global climate action.
The training sessions are conducted in English, with selected materials translated into Nepali to ensure broader participation and understanding among local stakeholders.
With this effort, Nepal continues to position itself as a proactive player in international climate cooperation, leveraging Article 6 mechanisms to achieve its climate goals and foster sustainable development.
