Article 6 is a key priority of Azerbaijan’s COP29 presidency, putting high pressure on countries to come to an agreement at the upcoming climate summit. At the same time, the role that Article 6 carbon markets play in the wider context of achieving our Paris Agreement goals hinges on the quality of the agreement. This is why it is imperative to not adopt simply anything on Article 6 for the sake of ‘finalising the rulebook’: anything that is adopted must serve a just transition to rapid decarbonization. 

Carbon Market Watch has developed recommendations on Article 6.2 and Article 6.4 topics under SBSTA/CMA’s mandate, as well as recommendations to CMA on the work of the Article 6.4 Supervisory Body. We also identify specific options and paragraphs from the latest negotiation texts in support of our recommendations.