Carbon payment for development

Leveraging carbon markets to enable private investments in support of the SDGs

Carbon Payments for Development (CP4D) initiative promotes ambitious climate action. Through a performance-based payments (PBPs) modality, the CP4D will de-risk and incentivise private sector investments into climate change mitigation projects. Through engaging partners across the value chain—from donors to local project developers—over its ten year lifespan,
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ITMOs for development

In March 2022 the Swiss Federal Office for the Environment (FOEN) and the United Nations Development Programme (UNDP) have launched a $42 million pay-for-results collaboration to unlock the development benefits of private climate investments in developing countries while supporting Switzerland to reduce greenhouse gas emissions generated by its government operations.

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How does
it work

In-line with the outcomes of the COP26, Switzerland will reduce its greenhouse gas emissions by using Internationally Transferrable Mitigation Outcomes (ITMOs) to indirectly pay for climate mitigation projects with strong development benefits in developing countries.

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Article 6 transfer readiness assistance

Through the collaboration with Switzerland, the CP4D aims to provide the technical assistance necessary to develop carbon market readiness, which will enhance countries’ carbon market participation. The TRA project will provide technical assistance in up to 8 countries targeted towards the following deliverables:

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