Carbon markets have the potential to facilitate more ambitious climate action through cost-savings and targeted channeling of financial resources. However, countries are lacking the technical capacities to easily assess how Article 6 can be aligned with a broad set of goals.

Through funding from the Nordic Climate Facility, UNEP DTU Partnership has partnered with Asian Disaster Preparedness Center, the Ceylon Chamber of Commerce and MPEnsystems in a project aimed at developing a disaster risk management (DRM) product that will allow Small and Medium size Enterprises (SMEs) in Sri Lanka to reduce their recurring losses from climate related disasters (primarily flooding).