Article 6 of the Paris Agreement enables international cooperation to tackle climate change and to unlock financial support for developing countries.
There are three components to Article 6:
- Article 6.2: Provides accounting and reporting guidance for Parties to use internationally transferred mitigation outcomes towards their nationally determined contributions (NDCs).
- Article 6.4: Establishes a new UNFCCC mechanism which can be used to trade high-quality carbon credits.
- Article 6.8: Provides opportunities for non-market-based cooperation for enhancing climate action.
The groundwork for carbon markets and non-market approaches laid out at COP26 in Glasgow continues to be fine-tuned.
This work is being done at annual meetings of the Parties to the Paris Agreement (CMA) and biannual meetings of the Subsidiary Body for Scientific and Technological Advance (SBSTA), as well as through intersessional work. In the case of the Article 6.4 mechanism (also known as the Paris Agreement Crediting mechanism), operationalization is being progressed by the work of the mechanism’s Supervisory Body.
Read the UN Climate Change Quarterly Update: Q4 2024 for updates related to Article 6 of the Paris Agreement, highlighting key developments and casting ahead. Click here for previous quarterly reports.
