Background 

This session will provide practical guidance on the global value proposition of the Paris Agreement Crediting Mechanism (PACM) and the benefits of timely transition to avoid stranded assets and ensure continuity of mitigation activities. CDM transition to PACM will be explained in detail, including the rules, timelines, and key requirements for moving activities from the Clean Development Mechanism to the Paris Agreement Crediting Mechanism. The dialogue will support DNAs, governments, and project participants in making informed decisions and aligning carbon market activities with Article 6 implementation and NDC objectives.