A SERIES ON THE ROLE OF CCS AT COP 27, PART 1 - BONN CLIMATE CONFERENCE OUTCOMES

technology and carbon removal technology by means of: with Parties towards developing a THE GLOBAL STOCKTAKE Article 6.2 Article 6.4 The GST is a process for taking stock of the shared understanding of the latest Internationally Transferred Voluntary mechanism for implementation of the Paris Agreement with the aim to Mitigation Outcomes (ITMO) countries and private sector assess the world’s collec. [...] information on the implementation The GST is intended to increase the ambition of actions and support for collectively addressing climate change, with outputs consisting of key political messages and Given the bottom-up approach of the Paris Agreement, of the Paris Agreement recommendations, best practices, new opportunities and whether or not Parties will include CCS in their Article lessons lear. [...] Article 6.4 An informal note was prepared by the co- The Supervisory Body is responsible Parties and observer organizations are invited to submit views by 31 August 2022, including on responsibilities of facilitators that captured the views of the for the development and/or approval of the Supervisory Body. [...] Before the week closed, the UNFCCC baselines for 6.4 activities, which is The secretariat is to prepare six technical papers on the transition of activities from the CDM, use of certified confirmed nominations of the Supervisory significant when considering existing CDM emission reductions towards NDCs, reporting, operation of the mechanism registry, share of proceeds to cover Body that oversees t. [...] the ability to engage with Parties towards developing as well as upcoming global events in the coming months a shared understanding of the latest information on can be expected to shape further developments in the the implementation of the Paris Agreement.