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Article 12.6
Transition to a Low Emissions Economy
1. The Parties acknowledge that transition to a low emissions economy requires concerted actions.
2. The Parties recognise that each Party's actions to transition to a low emissions economy should reflect domestic circumstances and capabilities, and subject to national priorities, the Parties may cooperate to address matters of joint or common interest.
3. Areas of cooperation referred to in paragraph 2 may include: energy efficiency; development of cost-effective, low emissions technologies and alternative, clean and renewable energy sources; sustainable transport and sustainable urban infrastructure development; addressing deforestation and forest degradation; emissions monitoring; market and non-market mechanisms; low emissions, resilient development; and sharing of information and experiences in addressing the abovementioned issues.
4. The Parties shall, as appropriate, engage in cooperative and capacity-building activities related to transitioning to a low emissions economy.
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