This note presents recommendations on key points1 in Articles 6.2 and 6.4 up for negotiation during the UNFCCC’s 56th session of the subsidiary bodies (SB 56) from 6 to 16 June 2022 in Bonn, Germany.
As a general note, while the main rules for the operation of market mechanisms in the Paris Agreement were agreed at COP 26, it is Carbon Market Watch’s view that Parties should not use carbon credits to reach their NDCs. Parties must prioritise rapid domestic mitigation measures. If they use the 6.2 and 6.4 mechanisms, this should be limited to disbursing climate finance rather than offsetting emissions.
