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Use of Article 6 Under NDC

Intention to Use Article 6 Under Current NDC

[machine trans­lated]: Redu­cing the territory’s green­house gas emis­sions is primar­ily the res­ult of nation­al meas­ures. In the event that these reduc­tions do not achieve the set tar­gets, the Prin­cip­al­ity may resort to the mar­ket mech­an­isms referred to in Art­icle 6 of the Par­is Agreement.

Intention to Use Article 6 Under NDC 3.0

[machine trans­lated] In the event that these reduc­tions do not meet the set object­ives, the Prin­cip­al­ity may resort to the mar­ket mech­an­isms referred to in Art­icle 6 of the Par­is Agree­ment, in accord­ance with the rel­ev­ant decisions of the UNFC­CC. Pri­or­ity will be giv­en to the mech­an­ism of Art­icle 6.2, sub­ject to the sign­ing of bilat­er­al agree­ments with part­ner coun­tries. […] The Prin­cip­al­ity of Monaco intends to achieve its object­ives through the imple­ment­a­tion of pub­lic policies at the nation­al level. How­ever, Monaco does not rule out the pur­chase of Inter­na­tion­ally Trans­ferred Mit­ig­a­tion Out­comes (ITMOs) under the pro­vi­sions of Art­icle 6 of the Par­is Agreement.

Article 6 Institutions

Authority to Provide Authorization

Depart­ment of Environment

Article 6.8 NMA Focal Point

Min­istry of Envir­on­ment, Cli­mate Change Policy Section

Article 6.4 DNA and Article 6.8 NMA Focal Point information is provided by the UNFCCC

Implementation Status of Article 6.2 Guidance

Authorization Arrangements

No pub­licly avail­able information

Tracking Arrangements

No pub­licly avail­able information

Reporting

None

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