Carbon markets under the Paris Agreement: how to guarantee effective climate action

The document outlines the requirements for the new carbon market mechanism established by Article 6 of the Paris Agreement. It emphasizes that these markets must drive actual emission reductions beyond domestic action, avoid double-counting through robust accounting, and exclude fossil fuel investments. Furthermore, it calls for strong human rights safeguards and alignment with the UN's Sustainable Development Goals to avoid the failures associated with the Kyoto Protocol's flexible mechanisms.

• The new carbon market mechanism under Article 6 of the Paris Agreement must be designed to increase ambition, meaning international mitigation credits should be used in addition to, and not instead of, domestic action.
• To maintain environmental integrity and support a low-carbon future, the new mechanism must exclude fossil fuel investments and activities that create perverse incentives, such as increasing the profitability of high-emitting installations.
• Robust accounting rules and governance are necessary to ensure that emission reductions are real, permanent, and additional, specifically to prevent the double-counting of credits toward multiple climate goals.
• Future mechanisms must incorporate strong human rights safeguards, including institutional grievance processes and effective stakeholder consultations, to avoid the human rights violations seen in previous Clean Development Mechanism (CDM) projects.

APA

Voigt, J. (2016). Carbon markets under the Paris Agreement: how to guarantee effective climate action. Carbon Market Watch. https://carbonmarketwatch.org/2016/10/19/carbon-markets-under-the-paris-agreement-how-to-guarantee-effective-climate-action/

Chicago

Voigt, Juliane. Carbon markets under the Paris Agreement: how to guarantee effective climate action. Carbon Market Watch, 2016. https://carbonmarketwatch.org/2016/10/19/carbon-markets-under-the-paris-agreement-how-to-guarantee-effective-climate-action/.

Wikipedia

{{cite press release |last1=Voigt |first1=Juliane |title=Carbon markets under the Paris Agreement: how to guarantee effective climate action |publisher=Carbon Market Watch |date=19 October 2016 |url=https://carbonmarketwatch.org/2016/10/19/carbon-markets-under-the-paris-agreement-how-to-guarantee-effective-climate-action/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{voigt2016carbon, author = {Voigt, Juliane}, title = {{Carbon markets under the Paris Agreement: how to guarantee effective climate action}}, publisher = {Carbon Market Watch}, year = {2016}, month = oct, url = {https://carbonmarketwatch.org/2016/10/19/carbon-markets-under-the-paris-agreement-how-to-guarantee-effective-climate-action/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }