An international team of researchers in collaboration with climate negotiators from several countries and private sector carbon trading experts are developing a new mechanism for international climate cooperation.

Climate change mitigation costs differ widely across different countries. Countries with high marginal abatement costs are willing to transfer significant resources to increase the speed of transition to zero net emissions in countries with lower marginal costs. Currently there is no effective, credible international mechanism promoting emission reductions in all sectors, but the cooperative approaches of Article 6.2 of the Paris Agreement provide space for innovation.

A ‘climate team’ offers a new model to enable host and partner countries to cooperate to genuinely reduce global emissions and enable more ambitious Nationally Determined Contributions in both. It can reassure host countries about the return to their investment in emissions reductions beyond the NDC and leverage private investment. The large scale of a climate team facilitates the demonstration of additionality and the avoidance of carbon leakage. Climate Teams can take advantage of existing national monitoring and reporting frameworks, increasing transparency.

An international team of researchers in collaboration with climate negotiators from several countries and private sector carbon trading experts are developing a new mechanism for international climate cooperation.

Climate change mitigation costs differ widely across different countries. Countries with high marginal abatement costs are willing to transfer significant resources to increase the speed of transition to zero net emissions in countries with lower marginal costs. Currently there is no effective, credible international mechanism promoting emission reductions in all sectors, but the cooperative approaches of Article 6.2 of the Paris Agreement provide space for innovation.

A ‘climate team’ offers a new model to enable host and partner countries to cooperate to genuinely reduce global emissions and enable more ambitious Nationally Determined Contributions in both. It can reassure host countries about the return to their investment in emissions reductions beyond the NDC and leverage private investment. The large scale of a climate team facilitates the demonstration of additionality and the avoidance of carbon leakage. Climate Teams can take advantage of existing national monitoring and reporting frameworks, increasing transparency.

In a June 2021 article for Chilean newspaper Diario Financiero, Luis Gonzales Carrasco, from Universidad Catolica, points at Climate Teams as a promising approach for Chile to attract foreign investment for climate change mitigation. Full article here  (in Spanish)

Chile has updated and submitted its 2020 Nationally Determined Contribution which is more ambitious than its predecessor. The new goal is to go from 111 million tons / CO2eq emitted in 2016 to 95 million tons / CO2 in 2030.

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On the 22nd of June, the Climate Teams initiative convened a team of climate mitigation modelers from Chile and New Zealand, as well as Government representatives from both countries, and international modelling experts. The objectives of the meeting were to:

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Implementación de Equipos Climáticos en Chile: Una propuesta para combatir el cambio climático y la contaminación local Published: 2020 Authors:  Suzi Kerr, Francisco Pinto Chile ha avanzado en materia de política pública ambiental y climática, ha implementado una infraestructura institucional

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Suzi Kerr

Chief Economist, Environmental Defense Fund

Suzi Kerr is the Chief Economist at Environmental Defense Fund. She was, until May 2019, a Senior Fellow, and from 1998 – 2009 Founding Director, at Motu Research in New Zealand. She graduated from Harvard University in 1995 with a

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Ana Pueyo

Research Fellow, Motu Research

Ana Pueyo is a Research Fellow at Motu Research, in New Zealand, and at the Institute of Development Studies in the UK. Dr Pueyo trained as an Economist and completed her PhD in Industrial Engineering, focusing on renewable energy technology

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Francisco Pinto

Consultant, Chile Climate Teams initiative

Francisco Pinto, Economist with more than 15 years of experience in analyzing, designing and evaluating public policies in general and environmental/climate policies in particular in both the public sector and civil society organizations. Francisco is an Economist from the Metropolitan

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Álvaro Lorca

Assistant Professor, Pontificia Universidad Católica de Chile

Álvaro Lorca is an Assistant Professor in the Department of Electrical Engineering and the Department of Industrial and Systems Engineering at Pontificia Universidad Católica de Chile. He is also co-director of the Energy and Complex Systems Laboratory and co-director of

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Andres Pica

Executive Director, Center of Global Change, Universidad Catolica de Chile

Andres Pica is the Executive Director of the Center of Global Change at Universidad Catolica de Chile. He is trained as a Civil Engineer and holds an MSc in Environmental Engineering by the Politecnico Di Torino, Italia. He has led

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Rodrigo Pizarro

University of Santiago

Rodrigo Pizarro is an Assistant Professor of Public Policy at the University of Santiago, Chile. He is an economist from the London School of Economics, Master of Economics from the University of North Carolina at Chapel Hill, and a PhD

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Juan Pablo Montero

Pontificia Universidad Católica de Chile

Juan-Pablo Montero (Ph.D. MIT) is Professor of Economics at the Pontificia Universidad Católica de Chile (PUC-Chile). In 2019 he has been named Fellow of the Econometric Society. His research work concentrates in industrial organization, environmental economics and resource economics and

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Jose Miguel Valdés

Industrial Civil Engineer, Universidad Pontificia Católica de Chile

Industrial Civil Engineer with nine years of experience in the generation of information and analysis for the design of environmental policy and the socio-economic valuation of instruments of environmental management. He has led and participated in more than 60 projects

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