Events

The Paris Agreement's Article 6 provides the framework for global carbon markets, enabling countries to cooperate to achieve their Nationally Determined Contributions (NDCs) while laying the foundation for netzero emissions in the future. While developing and least-developed countries are expected to make their best efforts to meet their NDC targets, the journey beyond NDCs, toward net-zero emissions, will be significantly assisted by Article 6 mechanisms through which developed countries will meet their NDCs or increased ambition. The slow operationalization of Article 6 threatens to derail the progress made under the Paris Agreement. Delays in setting up market mechanisms and finalizing ...