Implementation of Market Mechanisms including the Joint Crediting Mechanism (JCM) in the Paris Agreement under the UNFCCC

The Paris Agreement (PA) defines the role of market mechanisms in its Article 6 to achieve higher ambition in countries' nationally determined contributions (NDCs). Article 6 contains both the decentralised and bottom-up approaches including the Joint Crediting Mechanism (JCM) and the link of emission trading schemes (ETS), as well as the UN-governed centralised mechanism (sustainable development mechanism; SDM).
The objective of this session is to discuss how we can develop and facilitate the process for establishing the rules and procedures on market mechanisms under the Paris Agreement. We expect that the experience from the implementation of the JCM and initiatives from international organisations can be seen as good cases and lessons should be learned for the design of market mechanisms under the new climate change agreement.