COPA Webinar on Financing Refrigerant Management – including Article 6 of the Paris Agreement
Sustainable ODS/HFC banks management has the potential to considerably reduce greenhouse gas emissions. However, manifold barriers hinder its effective implementation, ranging from policy and administrative barriers for the movement of ODS/HFC waste and lack of guidance for emission reporting to the lack of financial resources.
On 24th January COPA continued with its activities in 2024 with a webinar about Financing Refrigerant Management – including Article 6 ot the Paris Agreement. The speakers Tilden Chao and Charlie Mayhew from Yale Carbon Containment Lab provided the participants with options to finance lifecycle refrigerant management.
They provided an overview of financing options from Article 6 of the Paris Agreement that aims to facilitate international financing for climate projects. Tilden Chao introduced the Article 6’s three sub-parts – Article 6.2, Article 6.4 and Article 6.8 – that mobilize international carbon finance toward meeting country Nationally Determined Contributions (NDCs). Furthermore, the speakers also pointed out the challenges of the Article 6, gave recommendations on operationalizing and talked about structures for non-market finance.
This webinar, hosted by the Climate and Ozone Protection Alliance (COPA), was the final session of a threefold-webinar series addressing each a different facet of ODS and HFC banks management: policy, technology, and finance.