COP29 in Baku has been named the “finance COP” as it provides an opportunity for parties to align climate finance contributions with global needs. While climate finance serves as a crucial foundation to reach the Paris Agreement objectives, it is clear that climate finance alone will not be enough to close the financing gap. In this context, carbon markets and Article 6 of the Paris Agreement have an important role to play in mobilizing additional finance for increased climate ambition as well as accelerated achievement towards the sustainable development goals. 

This side-event will gather representatives from governments and multilateral organizations that have started implementing Article 6 carbon markets to share their views on the important role carbon finance can play in closing the finance gap.

Watch the session live from the Swedish Pavilion