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This bilateral climate agreement, together with Zambia’s forthcoming national framework on carbon markets, provides a basis for voluntary international cooperation and supports the countries in pursuing their climate objectives. It was signed and inaugurated with support from the Supporting Preparedness for Article 6 Cooperation (SPAR6C) program, funded by the German Government through its International Climate Initiative. The SPAR6C program is globally implemented by the Global Green Growth Institute, with GFA Consulting Group and UNEP Copenhagen Climate Centre as the leading delivery partners in Zambia.
Zambia’s Bilateral Agreement with Switzerland is the third Article 6 Bilateral Agreement signed in the last two years, a clear indication of Zambia’s growing role as a credible and proactive participant in international carbon markets. The KliK Foundation, mandated under the Swiss CO₂ Act, is responsible for identifying and financially supporting suitable greenhouse gas mitigation activities under Article 6.2 in Zambia that are additional to Zambia’s own climate targets. To make these activities financially viable, the KliK Foundation offers result-based financing through the purchase of the resulting emission reductions in the form of carbon credits, so called Internationally Transferred Mitigation Outcomes (ITMOs). The principle behind this approach is to use carbon markets, which are designed to channel international finance toward cost-effective mitigation activities while enabling countries to cooperate in achieving their climate goals.
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The greenhouse gas mitigation activities supported under this Bilateral Agreement will complement Zambia’s climate action beyond its Nationally Determined Contributions (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC) and will contribute to the sustainable development of the country.
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"This agreement will support high-quality mitigation projects that create jobs, strengthen community resilience, and advance our national sustainable development priorities."
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"The bilateral climate agreement marks a significant milestone in our cooperation, symbolising Switzerland’s efforts to adapt, deepen, and diversify its engagement with Zambia as it phases out its development cooperation. It provides a framework that is mutually beneficial – allowing Switzerland to offset part of its emissions through high-quality carbon credits, while supporting Zambia in going beyond its already ambitious climate commitments. Switzerland is looking forward to supporting climate action in Zambia that delivers real, measurable, and long-term emission reductions. Importantly, this agreement ensures that mitigation activities meet high standards of environmental integrity, contribute to the Sustainable Development Goals, and safeguard human rights."
Attended by various key stakeholders, the inauguration of the bilateral climate agreement also provided a platform for the launch of the development and implementation of climate action within the carbon market under Article 6.2 of the Paris Agreement. This is yet another positive step taken by the Zambian government to mitigate climate change and achieve its climate ambitions.
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"The KliK Foundation plays a crucial role in translating the Zambian-Swiss bilateral climate agreement into measurable climate action. By securing the financial viability of large-scale greenhouse gas mitigation activities, our work is designed to support the expansion of Zambia’s transition towards a resilient, low-carbon future."
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