October 19, 2022.- Francisco Pinto, representing the Coordination of the Technical Subgroup on Monitoring, Reporting and Verification (SGT-MRV) of the Pacific Alliance, participated in the General Assembly of Carbon Pricing of the Americas and the Latin American Climate Summit.
In the first instance, he highlighted both the start of Phase 2 of the SGT-MRV, thanks to the new technical and financial support from Canada that will last until 2026, as well as the updating of the Coordination Framework of the SGT-MRV that guides its work. Regarding the last point, Pinto pointed out that the countries of the Pacific Alliance have expressed the need to continue strengthening capacities and promoting technical exchanges in terms of MRV of carbon price instruments, since a greater deployment of these instruments is observed in the region. Additionally, there is a growing interest in better understanding the implications of Art 6 of the Paris Agreement in practice and the scope of a potential regional carbon market.
On the other hand, Francisco Pinto was part of the ‘Pacific Alliance Stock-Take: Regional Climate Collaboration Across Chile, Colombia, Peru and Mexico’ event that took place at the Latin American Climate Summit organized by the International Emission Trading Assosiation (IETA), International Carbon Action Partnership (ICAP) and the Inter-American Development Bank (IDB). In the session, moderated by Víctor Ortíz, ICAP Senior Consultant, he shared a panel with Francisco Ocampo, Executive Director of Asocarbono (Colombia) and Juan Pedro Searle, Head of Climate Change of the Chilean Ministry of Energy.
He highlighted:
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The configuration and consolidation of a community of practice and exchange of experiences around MRV issues at the level of the Pacific Alliance.
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The virtues of exchange with other countries in the region and with West African countries under a South-South collaboration scheme, and
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The generation of reports and studies on MRV that account for the status of the countries and highlight successful experiences in specific implementations, which are available in the SGT-MRV section on the website of the Pacific Alliance: