What is Article 6.2 of the Paris Agreement?

Under Article 6.2 of the Paris Agreement, countries can trade emissions reductions bilaterally.

In other words, Article 6.2 enables a host country to sell units to a buyer country, in exchange for investments, support for capacity building, and access to technologies not available through domestic resources. The buyer country purchases these units, known as Internationally Transferred Mitigation Outcomes (ITMOs), to address any gaps in meeting its own climate goals.

What is CARP?

To facilitate the sharing of reports and information under Article 6.2, countries agreed to set up a Centralized Accounting and Reporting Platform (CARP).

This platform provides:

• Guidance on how to submit information and a list of frequently asked questions
• Templates for submissions
• A list of reports by submitted by participating countries
• A list of authorizations