# Carbon Pulse: Axel Michaelowa calls for action to bridge PACM funding gap

Published by Perspectives Climate Group. Canonical page: https://perspectives.cc/insights/carbon-pulse-axel-michaelowa-calls-for-action-to-bridge-pacm-funding-22834

Axel Michaelowa, senior founding partner at Perspectives, was recently featured in the Carbon Pulse coverage of last week’s Article 6.4 Supervisory Body meeting. Axel told Carbon Pulse that the funding shortfall faced by the Paris Agreement Crediting Mechanism (PACM) could be resolved if governments reallocated remaining Clean Development Mechanism...

- Date: 2025-08-12
- Category: News

## Article

Axel Michaelowa
, senior founding partner at Perspectives, was recently featured in the
Carbon Pulse
coverage of last week’s Article 6.4 Supervisory Body meeting.

Axel told Carbon Pulse that the funding shortfall faced by the Paris Agreement Crediting Mechanism (PACM) could be resolved if governments reallocated remaining Clean Development Mechanism surplus funds.

“It would be
deeply ironic
if the most promising approach to credible international carbon markets would be slowed down due to the inability of the UNFCCC process to transfer available resources from one internal account to the other,” he warned.
"
COP30
could resolve this issue if the Brazilian presidency sufficiently pushed recalcitrant governments.”

[Read the full article](https://carbon-pulse.com/425111/).

Cite this page as: Perspectives Climate Group (2025-08-12). Carbon Pulse: Axel Michaelowa calls for action to bridge PACM funding gap. Available at: https://perspectives.cc/insights/carbon-pulse-axel-michaelowa-calls-for-action-to-bridge-pacm-funding-22834