Firstly, the text establishes that Argentina, like other countries, has ratified the United Nations Framework Convention on the Climate Change and the Paris Agreement. These agreements establish that countries must take measures to reduce greenhouse gas emissions and adapt to the effects of climate change.
Likewise, it points out that carbon pricing instruments, such as carbon markets, They are key elements for countries to achieve their climate commitments. Carbon markets allow companies and governments to buy and sell greenhouse gas emission rights. Which could help reduce emissions by incentivizing companies to reduce or offset them.
In that sense, Argentina approved the Law of Minimum Budgets for Adaptation and Mitigation to Global Climate Change, which establishes the instruments and strategies that the country will use to address climate change. Within the framework of this law, the National Climate Change Cabinet is the body in charge of coordinating adaptation and mitigation policies.
The official text indicates that the second National Plan for Adaptation and Mitigation to Climate Change, approved in 2023, includes a measure that provides for the formulation of a National Strategy for the Implementation of Market Schemes.
Environment: the objectives of the measure
The final objective of the National Strategy is to provide enabling conditions for the development of projects that contribute to the adaptation and mitigation of climate change in the national territory. in a context of sustainable development, poverty eradication and environmental integrity.
The National Strategy for the Use of Carbon Markets (ENUMeC) represents a significant step in the country’s stance regarding the use of carbon markets, establishing a common framework for its application throughout the national territory. This strategy is positioned as a fundamental tool to meet climate commitments and promote the transition towards a sustainable development modelin line with the eradication of poverty and environmental preservation.
This strategy was developed to apply both in commercial and non-commercial schemeswith the ultimate purpose of facilitating favorable conditions for projects that contribute to the mitigation and adaptation to climate change in Argentina, in a context of transition towards sustainable development, poverty eradication and environmental integrity.
It also promotes coordination between all government actors, the private sector and civil society related with carbon markets. It extends to all agreements, programs and projects on carbon markets in Argentina, covering all sectors and gases of the National Greenhouse Gas Inventory (INGEI).
In summary, the Resolution of the Ministry of Environment and Sustainable Development, which approves the National Strategy for the Use of Carbon Markets, is an important step in fulfilling the country’s climate commitments. The Strategy establishes a framework for the development of carbon markets in Argentina, which could help reduce greenhouse gas emissions and promote sustainable development.
Finally, the text instructs the Secretariat of Climate Change, Sustainable Development and Innovation to promote the actions and processes necessary for the implementation of the National Strategy.
Source: Ambito
