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.
This morning’s text is little changed from yesterday. We will update this story if events warrant it, but for now we’re in a holding pattern.
Voluntary Carbon Markets hit a record $1 Billion in 2021 as new trades are reported by EM Respondents. This special State of the Voluntary Carbon Markets (SOVCM) bulletin from Ecosystem Marketplace shows that prices are on the rise and that projects with additional co-benefits achieve higher prices than the rest.