This paper discusses the ambition raising implications to engage in voluntary cooperation under Article 6 for the originating Parties. The paper shows why Article 6 should focus on driving mitigation in otherwise inaccessible abatement options and why it is critical that support should only last for a limited time period, after which own action must kick-in. The realisation of these opportunities, however, is entirely dependent on the effective design and implementation of measures to safeguard against potential risks that can create conditions for ambition disincentives. The paper identifies four broad safeguards to ensure that instruments developed under Article 6 can deliver effectively on the needs of those who transfer mitigation outcomes, whilst providing positive incentives for ambition raising.
Date: April 2018