Under the Paris Agreement, all countries have for the first time formulated emission reduction targets. In accordance with Article 6 of the Paris Agreement, emission reductions may be traded between countries and used toward meeting national reduction targets.
If a country wishes to transfer emission reductions, these reductions must be achieved in addition to its formulated reduction target. It is of utmost importance that these reductions be recorded correctly and not double counted. Mitigation activities must therefore ensure environmental integrity and transparency, as well as contribute to sustainable development.
In order to ensure that these requirements are met, Switzerland will enter a legally binding bilateral agreement with the transferring country. In particular, this agreement will set out the terms governing the transfer of emission reductions to Switzerland and the associated adjustment in the transferring country’s emission balance. The agreement also establishes a mutual understanding of requirements as regards human rights and sustainable development.
bilateral agreement, no emission reductions can be transferred and used toward
fulfilling the KliK Foundation’s carbon offset obligation.