A range of technical, outreach, and capacity-building activities kept the full operationalization of Article 6 on track in Q2.
During Climate Week in Panama, the inaugural Global Designated National Authority (DNA) Forum for Article 6.4 – the Paris Agreement Crediting Mechanism (PACM) – gathered more than 130 participants to deepen their understanding of DNA roles, and the opportunities and benefits of the PACM over other schemes. The Article 6/Carbon Markets Lab fostered cross-stakeholder dialogue to build a pipeline of bankable PACM activities.
At SB 62, the first-ever Ambition Dialogue focused on ambition and cooperation, allowing the Article 6 community to share experiences, challenges, and capacity-building needs. An Article 6.2 information session provided updates on infrastructure, the international registry, reporting, and review. Side events and a full-day PACM training built confidence in PACM participation.
Technical expert reviewers assessed Article 6.2 cooperation countries’ initial reports, publishing review reports to enhance transparency on bilateral cooperation among Parties using Article 6.
At its 16th meeting, the PACM Supervisory Body adopted crucial new standards to guide how emission-reducing projects measure their impact, specifically on setting baselines and addressing leakage for emission-reducing projects.
Q2 also saw three regional workshops and a Small Island Developing States Dialogue supported by RCCs, alongside 16 capacity-building events, including six direct country support activities. Q3 will continue to build momentum with a PACM Master Class, webinar series, and new knowledge products.