Americas > COP29: PREVIEW – Political uncertainty clouds Article 6 outlook, with key carbon trade technicalities, crediting standards on the line

COP29: PREVIEW – Political uncertainty clouds Article 6 outlook, with key carbon trade technicalities, crediting standards on the line

Published 09:45 on November 7, 2024  /  Last updated at 00:54 on November 8, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6, Voluntary

Despite prior optimism for progress in Baku on UN carbon markets, political uncertainty following this week's US election result has dampened enthusiasm for a strong outcome on Article 6 at COP29, with multiple key technical elements of international carbon trade still to be clarified, as well as the thorny question of whether crediting standards brought into force ahead of the summit will be formally endorsed.
Despite prior optimism for progress in Baku on UN carbon markets, political uncertainty following this week's US election result has dampened enthusiasm for a strong outcome on Article 6 at COP29, with multiple key technical elements of international carbon trade still to be clarified, as well as the thorny question of whether crediting standards brought into force ahead of the summit will be formally endorsed.


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