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Progress in Article 6 negotiations

First sign of success in completing the Katowice Rule Book

(Photo: IISD / Kiara Worth)

December 2018 - Many countries have begun this year to work across Party groupings on the rules of Article 6. At the start of the climate change negotiations, Colombia on behalf of the Independent Alliance of Latin America and the Caribbean (AILAC) group, Australia, Canada, the EU, Japan, Mexico, New Zealand and Switzerland have submitted a joint position paper to the UNFCCC on key issues concerning the market mechanisms. In their submission they address accounting with national emissions budgets in cases where emission reductions are transferred from one country to another. Only when strict rules are agreed for all countries on this point can trust in the carbon markets be secured and their contribution to raising climate action ambition in host countries be shown.

Discussing Cooperative Climate Action

Reports from BMU Side Events at COP 24. More