On the 13th of November 2021, six years after the adoption of the Paris Agreement by 196 countries at COP-21, negotiators finally completed the “Article 6 rulebook,” which allows for cooperation among countries in meeting and going beyond their nationally determined contributions (NDCs). It is also the Article that enables international carbon markets under the Agreement.

Following the announcement of the ICAO-EM partnership, Ecosystem Marketplace will publish updated data monthly on CORSIA-eligible carbon credit prices.

Following up on our coverage of the Glasgow Climate Talks (COP26), here is a summary of Article 6 and its rulebook.

What’s needed to make this time different? WRI finds what emissions benefits would occur if all countries made good on their commitments to combat and reverse forest loss.

Six years after signing off on the Paris Climate Agreement, negotiators have agreed on rules for implementing Article 6, paving the way for more effective cross-border cooperation.

The coffee is flowing as negotiators load up for another night of talks, but the growing support for loss and damage finance could help break an impasse over provisions for a transaction fee on international carbon transactions.

A new draft text of Article 6 has been released, showing agreement on the migration of the Clean Development Mechanism into Article 6.4, with corresponding adjustments required from the outset. Article 6.2, however, is still severely marked up.