Where does international carbon credit trading stand halfway between COP28 and COP29?

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.”