Many developing and emerging economies are keen to pursue carbon transactions under Article 6 of the Paris Agreement in the hope that they will promote ambitious climate change mitigation and generate sustainable development outcomes. However, for countries to be fully prepared to actively engage in the future Article 6 carbon market there is a steep learning curve.
This guide, the first in a series of six, provides host parties, acquiring parties and other buyers, and activity developers with clear opportunities to take actions that promote transformational change and raise ambition utilizing Article 6 of the Paris Agreement.
It presents how Article 6 carbon market activities can help close action and ambition gaps of nationally determined contributions (NDCs) and long-term low-emission development strategies (LT-LEDS) to reach Paris-aligned goals to achieve net-zero emission and sustainable development by 2050.