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The Power of Integrity: Article 6 and the Future of Carbon Markets

The Power of Integrity: Article 6 and the Future of Carbon Markets

Year Published

2024

Contributing Organisations

Climate Action Center of Excellence (CACE)
Environmental Protection Agency, Ghana (EPA)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Carbon Markets & Carbon Finance
Topic 2
Taxonomies
Topic 3
Nationally Determined Contributions (NDCs)

Target Audience

Technical Assistance Providers
Project Developers
Governments & Policymakers
Education Providers / Think Tanks / NGOs
Real Economy Corporates

Relevant Geography

Global
The Power of Integrity: Article 6 and the Future of Carbon Markets

Resource Summary

This white paper explores the role of multilateralism in enhancing the integrity and effectiveness of global carbon markets, with a focus on Article 6 of the Paris Agreement. It examines the challenges posed by the rise of the Voluntary Carbon Market (VCM) and the need to align corporate and national climate goals with the robust frameworks of Article 6. The paper provides a comparative analysis of governance, transparency, and safeguards under Article 6.2 and 6.4 mechanisms, alongside the ICVCM's Core Carbon Principles. Designed for policymakers, corporations, and market participants, the resource advocates for unifying efforts under the Paris Agreement to ensure sustainable development and global emissions reductions.

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