Insights > Analysis > ANALYSIS: Observers welcome late agreement on Article 6 crediting, concerned by gaps

ANALYSIS: Observers welcome late agreement on Article 6 crediting, concerned by gaps

Published 18:02 on November 20, 2023 / Last updated at 18:03 on November 20, 2023 / / Americas, Asia Pacific, EMEA (Europe), Insights (Analysis), International (Paris Article 6/PACM, UN Climate Talks), Nature-based Carbon (Other NbS), Voluntary (VCM Governance)

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International carbon market stakeholders have broadly welcomed the last-minute adoption of recommendations for how the UN crediting mechanism under Article 6 of the Paris Agreement should operate, but also pointed to uncertainties that risk diluting ambition and noted the challenge of deferring many key decisions given the ambiguous nature of certain sections of the text.
International carbon market stakeholders have broadly welcomed the last-minute adoption of recommendations for how the UN crediting mechanism under Article 6 of the Paris Agreement should operate, but also pointed to uncertainties that risk diluting ambition and noted the challenge of deferring many key decisions given the ambiguous nature of certain sections of the text.


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