Program Overview
Purpose
- This program aims for meet the NDC target of bothcountries by using Article 6 of the Paris Agreement.
Concept
- The program supports the activities throughout theextensive process from the planning of the activities to issuance and transfer of theITMO for NDC use.
- The program also will contribute to achieving development,financial and technological benefits and NDC of host Countries.
Brief process of Program
- Public Offering : Activity design for GHG ER and SD
- Evaluation : Selection of the eligible Activity for thehost country
- Proposal : Optimization and approval with the hostcountry
- Implementation : Government budget invested and Activityinitiated with stakeholders in the host country
- Monitoring : Conservative accounting and verification bythird party entities
- Issuance & Transfer : ITMO for NDC use by a correspondingadjustment with Korea
The detailed process will be discussed at first proposal
- Innovative Improvement
based on Mutual lessonsand experience - 화살표 이미지입니다.
- Activity Design
- 화살표 이미지입니다.
- Proposal Optimization
- 화살표 이미지입니다.
- Activity Implementation
- 화살표 이미지입니다.
- Activity Monitoring
Overseas
Efforts on achieving NDC goals with international cooperation using Article 6 ofParis Agreement and continuous negotiation
Korea
Voluntary cooperation under Article 6 of the Paris Agreement to achieve its NDC(37.5 MtCO₂-eq by2030)
Program Overview
International cooperation program that Korean government promotes GHG emission reductionactivities under the A6 of Paris Agreement with the government budget for implementation ofparticipating countries’ NDCand sustainable development of host countries.
Corresponding Adjustment : Preventing participating countries fromusing the same ITMO for NDC (Double-Counting)ITMO : Internationally Transferred Mitigation Output
Ⅰ. Mutual Agreement & Setting up theScheme
ROK
- Mutual Agreement
- (Activity Design, Monitoring, Issuance, ITMO transfer,etc)
Host Country
Ⅱ. Implemention of the Program
ROKKorean companies
- ITMO for NDC
- Technology, capital investment
Host CountryStake-holders
Ⅲ. Going to NET ZERO with Socio-Economicbenefit
-
Mutual understanding
-
The opportunity of
business withtechnology
transfer and investment
-
Contribution to
sustainabledevelopment
of host country
HOST Country Achieve NDC & Sustainable development -
Job creation and
Local Community
Development
-
Improvement on
low carbon Energy,clean
and healthy Environment
-
Improvement on 17 SDGs
applicable
Achieve NDC 