June’s mid-year meeting of technical experts under the UN climate change convention did not narrow down the options for the Paris Agreement’s controversial Article 6 on international carbon credit trading. Key issues remain unresolved, including the first transfer of ITMOs and the format of reporting systems. In the absence of common guidance on these issues, stakeholders from ICAO, the VCM, and individual governments attempting to engage in bilateral carbon credit transactions have been forced to find workarounds—or simply make their best guess as to what constitutes legitimate procedure to become “Article 6 compliant.”
Nothing to work with After the UN climate conference at the end of 2023 left global carbon trading in limbo by failing to make any progress on the relevant part of the Paris Agreement (its Article 6), subsidiary bodies to the framework convention on clima…
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