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Decoding Article 6 of the Paris Agreement (Paperback)
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Decoding Article 6 of the Paris Agreement (Paperback)
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The new framework for cooperative approaches and mechanisms under
Article 6 of the Paris Agreement charts a path for the resurgence
of carbon markets. However, the modalities, rules, and guidance are
yet to be fully elaborated. Article 6 is a key part of the Paris
Agreement. It allows Parties to voluntarily cooperate to meet their
Nationally Determined Contributions, providing for international
transfers of mitigation outcomes, a new mechanism for mitigation
and sustainable development, and non-market approaches. Article 6
establishes the foundation for a post 2020 carbon market, but there
are still many complex issues to be discussed and decided among
Parties to finalize the Paris Agreement rulebook by the end of
2018. This publication examines the options for establishing
guidance, rules, and modalities for the key elements of Article 6,
decoding issues such as internationally transferred mitigation
outcomes, environmental integrity, double counting and
corresponding adjustments.
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