Carbon Markets in the Post-Paris World

The document analyzes the vague language of Article 6 of the Paris Agreement, which attempts to balance diverse party interests through the creation of the Sustainable Development Mechanism (SDM) and frameworks for both market and non-market approaches. It argues that for carbon markets to support the 1.5°C warming limit, they must prioritize high environmental integrity and increased ambition.

• The Paris Agreement's Article 6 contains intentionally vague language to accommodate diverging viewpoints among parties, ranging from those seeking minimal international oversight to those wanting a multilateral mechanism for GHG mitigation and sustainable development.
• The Sustainable Development Mechanism (SDM) is established as the successor to the Clean Development Mechanism (CDM) and Joint Implementation (JI) to support GHG emission mitigation and sustainable development.
• To effectively contribute to the goal of limiting warming to 1.5°C, international carbon markets must ensure high environmental integrity and drive a rapid increase in climate ambition.

APA

Carbon Market Watch (2016). Carbon Markets in the Post-Paris World. https://carbonmarketwatch.org/publications/policy-brief-carbon-markets-in-the-post-paris-world/

Chicago

Carbon Market Watch. Carbon Markets in the Post-Paris World. 2016. https://carbonmarketwatch.org/publications/policy-brief-carbon-markets-in-the-post-paris-world/.

Wikipedia

{{cite report |author=Carbon Market Watch |title=Carbon Markets in the Post-Paris World |date=8 November 2016 |url=https://carbonmarketwatch.org/publications/policy-brief-carbon-markets-in-the-post-paris-world/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatch2016carbon, author = {{Carbon Market Watch}}, title = {{Carbon Markets in the Post-Paris World}}, institution = {Carbon Market Watch}, year = {2016}, month = nov, url = {https://carbonmarketwatch.org/publications/policy-brief-carbon-markets-in-the-post-paris-world/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }