Climate diplomats from the UN climate convention’s subsidiary bodies (SBSTA) gathered at a technical workshop ahead of next month’s annual Conference of the Parties (COP) to the convention seeking consensus on key issues of the Paris Agreement’s carbon markets component Article 6. While they agreed on overarching principles like transparency and environmental integrity, the “how” remains contentious. The 3-day meeting in Baku helped clarify differing views on authorization and transparency measures as well as registry systems. We break down each core element of Article 6 that climate diplomats are negotiating, why they matter, and who’s pushing for what.
Background At the close of last year’s UN climate conference, negotiators failed to adopt any decisions about Article 6 of the Paris Agreement. As Article 6.2 and 6.4 are the ones that deal with transacting greenhouse gas mitigation units between/among co…
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
