Speakers: Elisa Lanzi, Team lead, Mitigation to Climate Change team, and Sirini Jeudy-Hugo, Policy Analyst, OECD-IEA Climate Change Expert Group, Biodiversity and Water division, Environment Directorate (OECD) Presentation at the 2nd meeting of the Working Party on Climate Change (WPCC) held online on 12-13 March, 2024.

1. Report on recent activities of the
secretariat
Update on climate change
mitigation work
Elisa Lanzi and Sirini Jeudy-Hugo
Biodiversity and Water Division (CBW)
OECD Environment Directorate
Working Party on
2nd WPCC meeting, 12-13 March 2024

2. Working Party on Climate Change (WPCC)
Overview of recent and ongoing work
• Transformative policies for net zero
• Carbon Market Platform (CMP)
• Climate Change Expert Group (CCXG)
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3. Report on recent activities of the
secretariat
Transformative policies for net zero
Aimée AGUILAR JABER | Aimee.Aguilarjaber@oecd.org
Mariana MIRABILE | Mariana.Mirabile@oecd.org
Elisa Lanzi | Elisa.Lanzi@oecd.org
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4. Working Party on Climate Change (WPCC)
Project overview
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Regional
Local
National

5. Working Party on Climate Change (WPCC)
• Rationale: transport is the 2nd biggest emitting
sector in the region; its decarbonization is key
to meet the target to halve emissions by 2030
• Objective of the project: review policies’
transformative potential and provide policy
recommendations
• Outputs: analytical report, workshops with
stakeholders, a launch event
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Catalonia (Spain)

6. Working Party on Climate Change (WPCC)
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Catalonia (Spain)
Sept 23
Launch
event
Stakeholder
workshop
Feb 24
Interviews | Desk reviews

7. Working Party on Climate Change (WPCC)
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Catalonia (Spain)

8. Working Party on Climate Change (WPCC)
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Catalonia (Spain)
Sept 23
Launch
event
Stakeholder
workshop
Feb 24
Report,
public event,
workshop
Nov 24
Interviews | Desk reviews Drafting
WPCC
review
May | June 24
EPOC
review
Sept 24

9. Working Party on Climate Change (WPCC)
• Rationale: support the implementation of a
transformative Climate Action Plan in the context
of the EU mission on 100 climate resilient cities
• Objective of project: support Dublin City Council in
the application of a challenge-led and systemic
approach to the Plan’s implementation
• Outputs: workshops with stakeholders, public
events & a webinar with EU cities
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Dublin (Ireland)

10. Working Party on Climate Change (WPCC)
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Dublin (Ireland)
March 24
CAP
Launch Event
Stakeholder
workshop
Sept/Oct 24
Webinar &
final event
Dec 24
Oct 23
Project
starts

11. Report on recent activities of the
secretariat
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Carbon Market Platform
Klas Wetterberg | Klas.Wetterberg@oecd.org
Elisa Lanzi | Elisa.Lanzi@oecd.org

12. Working Party on Climate Change (WPCC)
Carbon Market Platform
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• The Carbon Market Platform (CMP) is a G7-led initiative that brings together a diverse group of
countries and organisations with the aim of strengthening international co-operation on
developing effective, sustainable and ambitious carbon pricing approaches
• The OECD acts as Secretariat to the CMP, providing analytical inputs and supporting convening
activities
• CMP has explored a range of topics related to carbon pricing and carbon markets, including:
- Barriers to carbon pricing
- Options for international co-ordination on carbon pricing
- Benefits from international co-ordination on carbon pricing
- Carbon pricing’s impact on competitiveness
- Carbon pricing developments during COVID-19
- The role of carbon pricing in encouraging transformational change

13. Working Party on Climate Change (WPCC)
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• The OECD assists on the organisation of the yearly CMP's Strategic Dialogue
• The CMP’s Strategic Dialogue identifies a research focus for OECD
• The last Strategic Dialogue took place in Tokyo (Japan), on 24-25 October 2023, jointly chaired
by Japan (host) and Germany [the event summary can be accessed here]
• The next Strategic Dialogue will take place in Rome (Italy), on 16-17 October 2024, jointly
chaired by Italy (host) and Japan
CMP’s annual Strategic Dialogue

14. Working Party on Climate Change (WPCC)
CMP analysis in 2023: Interplay between
voluntary and compliance carbon markets
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Rationale:
• Carbon credit markets are growing on multiple fronts
- including Article 6 under the Paris Agreement and
voluntary carbon markets
• These markets interplay, and present both mitigation
opportunities and environmental integrity risks
Key questions explored:
• How do voluntary and compliance markets interplay?
• How can their environmental integrity be enhanced?
Output: Preliminary findings presented to CMP
delegates in October 2023.
Draft paper will be circulated to WPCC and CMP
delegates later in March / April Illustration of carbon credit market interplay

15. Working Party on Climate Change (WPCC)
CMP analysis in 2024: G7 Principles for
carbon markets + complementary topic
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• In 2024, the tentative focus is to explore options to implement the G7
Principles of High Integrity Carbon Markets
• Potential to produce complementary brief analysis on another topic
(carbon dioxide removals or scaled-up crediting approaches)
• The precise scope and output for the OECD’s work in 2024 is subject
to further discussions with and among CMP delegates
• Preliminary findings from this work will be presented at the 2024
Strategic Dialogue
G7 Principles of High Integrity
Carbon Markets

16. Working Party on Climate Change (WPCC) 16
Working Party on
8th Strategic
Dialogue
9th Strategic
Dialogue
Oct
2024
Oct
2023
2023 report
(interplay)
WPCC
review
2023 report
(interplay)
EPOC
review
Mar / Apr
2024
May / June
2024
CMP timeline and status update
Scoping work on 2024 report
Summer
2024
Analysis for 2024 report
2023 report
(interplay)
finalisation
Currently working on:
• Finalising 2023 report on the interplay between voluntary and compliance carbon markets
• Confirming the topic of the 2024 report

17. Report on recent activities of the
secretariat
Thank you!
Elisa Lanzi | Elisa.Lanzi@oecd.org
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18. Report on recent activities of the
secretariat
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Climate Change Expert Group (CCXG)
Sirini Jeudy-Hugo | Sirini.JEUDY-HUGO@oecd.org

19. Working Party on Climate Change (WPCC)
Brief introduction to CCXG – Who we are
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• Ad hoc group established in 1993 to provide technical support to the international climate
negotiations under the UNFCCC;
• Delegates include OECD members and Parties listed in Annex I of the UNFCCC;
• Activities supported almost entirely by voluntary contributions;
• Activities supported jointly by the OECD and the IEA.

20. Working Party on Climate Change (WPCC)
Brief introduction to CCXG – What we do
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• Organise bi-annual global forums and prepare new technical analysis every 6m to feed into 2 sets
of UNFCCC meetings each year.
• Focus of work agreed by CCXG delegates to respond to specific needs in the climate negotiations.
• Track record of providing technical inputs to inform discussions and shape decisions at UN climate
change conferences (COPs).

21. Working Party on Climate Change (WPCC)
CCXG work in 2023 – Leading to COP28
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Technical analysis and discussions at CCXG global forums
focused on key issues in the international negotiations:
• First global stocktake (GST) of the Paris Agreement;
• UNFCCC mitigation work programme (MWP);
• Discussions on the new collective quantified goal (NCQG)
on climate finance;
• Discussions on funding for loss and damage, just
transition, Article 6 of Paris Agreement.

22. Working Party on Climate Change (WPCC)
CCXG work in 2024 – Towards COP29
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CCXG work in first half of 2024 focuses on two key issues heading to COP29 in Baku:
• Technical elements of new collective quantified goal (NCQG) on climate finance;
• Insights for designing next round of Nationally Determined Contributions (NDCs) informed by GST.
Next CCXG global forum on 3-4 April 2024 in hybrid format:
• In-depth discussions on next NDCs and NCQG;
• Participants from OECD and non-OECD countries, IGOs,
MDBs, business, academia, NGOs, etc.;
• Some sessions organised with partners (ODI, NDC
Partnership).

23. Working Party on Climate Change (WPCC)
Selected COP28 outcomes &
potential implications for OECD work
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Mitigation
• Signals in global stocktake on 1.5C ambition and
global mitigation-related calls.
• Focus on preparing enhanced nationally
determined contributions (NDCs) in 2024-25
• Focus on cities under the Mitigation Work
Programme in 2024
• …
Adaptation
Work on indicators to measure progress towards targets
under global goal on adaptation (GGA) framework
Loss and damage (L&D)
• Work on guidelines for data, information, reporting on
L&D
• Tracking & delivery of finance for L&D
Finance
• Call for info. on progress towards USD100bn goal
• Call for report on doubling of finance for adaptation
• Negotiations on new collective quantified goal (NCQG)
Just transition
Work programme on just transition pathways to achieving the
Paris Agreement’s goals

24. Report on recent activities of the
secretariat
Thank you!
Sirini Jeudy-Hugo | Sirini.JEUDY-HUGO@oecd.org
Working Party on