The Landscape of Article 6 Implementation

Perspectives Climate Group2023

This report provides the most complete and up-to-date overview of the progress made on global Article 6 implementation on a practical level and is the fourth edition of a series of similar studies. The study also reviews the status of Article 6 rules from an implementation perspective, followed by a deep dive on host country frameworks that looks at the level of preparedness of 51 countries to participate in Article 6 cooperation. Finally, the report summaries key facts and figures and offers fact sheets on all relevant Article 6 implementation initiatives. Key take aways from the report includes: The implementation of Article 6 carbon market activities is progressing but has only been slowly moving beyond piloting. The unfinished business of crafting international and domestic carbon market rules, as well as operationalising the Article 6.4 mechanism is a key limiting factor. Countries are taking different approaches to managing the interface between Article 6 and the VCM, but it is encouraging that many developing countries have begun to work on establishing national frameworks for Article 6 participation requirements. Whether carbon market implementation at scale materialises, depends not only on ITMO supply but also on more ambitious demand signals from buyers. Read the full report The Landscape of Article 6 Implementation .

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Authors
Published byPerspectives Climate Group
Year2023
Cite Stephan Hoch, Peris Waweru, Axel Michaelowa (2023). The Landscape of Article 6 Implementation. Perspectives Climate Group.
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