Climate Market Club
Collaboratively Building Capacity for Climate Action
The Climate Market Club (or "Club") is a group of national governments and non-sovereign members that agree on common principles and jointly develop modalities for piloting activities under Article 6.2 of the Paris Agreement. The objective of the Club is to serve as a forum for discussion and consensus on how different elements of Article 6.2. can be piloted.
The objective of the Club is to serve as a forum for discussion and consensus on how different elements of Article 6.2 can be piloted. This is intended to facilitate the development of rules under the Paris Agreement based on practical experience and catalyze early action.
The Club was established by the World Bank Group (WBG) together with the MDB Working Group on Article 6 after bilateral consultations with various national entities that demonstrated interest in climate markets.
The Club meets monthly to discuss key topics related to Article 6.2 and provide inputs to the development of knowledge products to inform piloting. A series of technical Article 6 Approach Papers are discussed at the Club, finalized based on feedback by the members, and made publicly available.
As of June 2025, the Club is comprised by 16 governments and 5 non-sovereign entities. The WBG, in coordination with other MDBs serve as the Secretariat, convening meetings and developing technical and knowledge products at the request of the Club.
The current club members are:
The governments of Bangladesh, Bhutan, Chile, Ghana, Kazakhstan, Japan, Peru, Rwanda, Senegal, Singapore, Sweden, Switzerland, Ukraine, Namibia, Nigeria, and Thailand.
The following non-sovereign entities: KliK Foundation, Global Green Growth Institute, Temasek, Institute for Global Environmental Strategies, and United Nations Development Programme