Bridging Mechanisms for Synergistic Impact: Uniting the European Union’s Carbon Border Adjustment Mechanism and Article 6.2 of the Paris Agreement

Year Published
2024
2024
This paper explores the potential synergies between the European Union’s Carbon Border Adjustment Mechanism (CBAM) and Article 6.2 of the Paris Agreement. It highlights how integrating these mechanisms could enhance global climate action by streamlining decarbonisation efforts while addressing equity concerns raised by CBAM’s unilateral nature. The paper provides insights into CBAM’s operational framework, international reactions, and challenges, alongside a detailed discussion on Article 6.2’s cooperative mechanisms using ITMOs (Internationally Transferred Mitigation Outcomes). It concludes with practical recommendations on bridging these frameworks to create equitable, effective climate strategies, making this resource useful for policymakers, climate strategists, and sustainability-focused organisations.
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