Africa > COP28: Bolivia proposes moratorium for Article 6.4 carbon markets, observers suggest “performative” move

COP28: Bolivia proposes moratorium for Article 6.4 carbon markets, observers suggest “performative” move

Published 08:27 on December 8, 2023  /  Last updated at 16:55 on December 8, 2023  / /  Africa, Americas, Asia Pacific, Carbon Taxes, CBAM, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary

Bolivia has called for the ceasing of all market functions under the market-based Article 6.4 mechanism, which it sees as crowding out progress on non-market option Article 6.8, the government said in a statement released Friday at COP28 in Dubai, though observers have said the move is "performative" and is unlikely to have a significant impact on developments on the negotiated texts.
Bolivia has called for the ceasing of all market functions under the market-based Article 6.4 mechanism, which it sees as crowding out progress on non-market option Article 6.8, the government said in a statement released Friday at COP28 in Dubai, though observers have said the move is "performative" and is unlikely to have a significant impact on developments on the negotiated texts.


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