EMEA > 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 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia), EMEA (Africa, Middle East), International (CBAM & Tariffs, Paris Article 6/PACM, UN Climate Talks), Nature-based Carbon (Other NbS), Voluntary (VCM Governance)

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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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