The finalisation of the Paris Agreement Rulebook finally delivered the long-awaited compromise on the rules for carbon markets under Article 6 of the PA, which defines the rules for voluntary cooperation between Parties in the implementation of their nationally determined contributions (NDCs).

Perspectives’ experts have developed a policy brief for Climate Finance Innovators reflecting on the significance of COP26 outcomes for global carbon markets with a focus on African priorities. This includes carbon market cooperation under Article 6 of the PA as well as the transition of the Clean Development Mechanism (CDM) of the Kyoto Protocol (KP) to the Article 6.4 mechanism.

This short study reflects on the significance of COP26 outcomes for global carbon markets
with a focus on African priorities. This includes carbon market cooperation under
Article 6 of the PA but also the transition of the Clean Development Mechanism (CDM)
of the Kyoto Protocol (KP) to the Article 6.4 mechanism.