Summary report of pilot activity development for Nordic Initiative for Cooperative Approaches (NICA)

Developing a Nordic approach for ambitious and inclusive carbon market cooperation


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Jointly developed by Nefco, the Nordic countries and the Nordic Council of Ministers, and established by Nefco in 2018, the Nordic Initiative for Cooperative Approaches (NICA) is seeking to operationalise international market-based collaboration under Article 6 of the Paris Agreement to support sustainable development and encourage more ambitious climate action through capacity building via practical pilot activities.