The Center’s comments to the UNCITRAL materials

On July 12-13, 2023, the United Nations Commission on International Trade Law (UNCITRAL) held the Colloquium on Climate Change and the Law of International Trade, in which the Center’s experts are participating.

The UNCITRAL Colloquium focused on various aspects of climate change mitigation, adaptation and resilience to its effects, in order to, inter alia, identify gaps and legal obstacles within the applicable regulation, discuss the most important issues of further development of the mechanisms of the Kyoto Protocol and the Paris Agreement in the context of international trade law, as well as to compare notes regarding the work of various intergovernmental and non-governmental organizations in this field.

Before of the 56th session, which takes place in Vienna, the ICLRC as an observer submitted its comments to two Secretariat’s notes (A/CN.9/1120, A/CN.9/1120. Add.1), which concerned, inter alia, the terminology of the carbon market and differences in the approaches of the EAEU member States to definition of the legal regime of carbon assets.

The Center’s comments were published among the documents for consideration at the 56th session of the Commission.

The Center’s experts proposed, in the context of common climate efforts, to take into account the difference in approaches to determining the legal regime of carbon assets, to pay attention to a number of legal problems of the functioning of carbon markets, as well as to take into account these and some other aspects in the work on harmonization of approaches to achieve such goals.

The Commission will consider the results of the Colloquium and the documents during the third week of its session.