Carbon Market Watch briefing for ministerial discussions on Article 6 of the Paris Agreement

Carbon Market Watch argues that environmental integrity under Article 6 requires the mandatory application of corresponding adjustments to all mitigation activities to prevent double counting. The briefing strongly opposes the carry-over of pre-2020 Kyoto Protocol units, asserting they would flood the market with up to 4 billion "junk credits" and increase global emissions. Additionally, it advocates for a share of proceeds (SOP) for adaptation that combines monetary and in-kind contributions, recommending that this levy apply to both Article 6.2 and 6.4 mechanisms to ensure stable finance for developing countries.

• To maintain the environmental integrity of the Paris Agreement, double counting and double claiming of emission reductions must be strictly forbidden. This requires the application of corresponding adjustments to all Article 6 mitigation activities, regardless of whether they are for international transfer or domestic compliance, and regardless of whether the reductions fall within or outside the scope of a host Party's NDC.
• The transition of pre-2020 Kyoto Protocol units into the Paris Agreement framework is viewed as untenable because there is no mandate for such a transfer. Such a move would likely increase global emissions and could flood the new 6.4 market with up to 4 billion "junk credits," which would depress prices and discourage new project developers.
• Adaptation finance for developing countries should be secured through a share of proceeds (SOP) on credits. To avoid the failures of the Clean Development Mechanism's (CDM) "in-kind only" model, the SOP should consist of both monetary and in-kind contributions. While mandatory for Article 6.4, the briefing argues that SOP should also be extended to Article 6.2 to ensure stable revenue and maintain trust between developed and developing nations.

APA

Carbon Market Watch (2021). Carbon Market Watch briefing for ministerial discussions on Article 6 of the Paris Agreement. https://carbonmarketwatch.org/wp-content/uploads/2021/07/2021-06-Key-points_Ministerial-meeting-on-Article-6.pdf

Chicago

Carbon Market Watch. Carbon Market Watch briefing for ministerial discussions on Article 6 of the Paris Agreement. 2021. https://carbonmarketwatch.org/wp-content/uploads/2021/07/2021-06-Key-points_Ministerial-meeting-on-Article-6.pdf.

Wikipedia

{{cite report |author=Carbon Market Watch |title=Carbon Market Watch briefing for ministerial discussions on Article 6 of the Paris Agreement |date=July 2021 |url=https://carbonmarketwatch.org/wp-content/uploads/2021/07/2021-06-Key-points_Ministerial-meeting-on-Article-6.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatch2021carbon, author = {{Carbon Market Watch}}, title = {{Carbon Market Watch briefing for ministerial discussions on Article 6 of the Paris Agreement}}, institution = {Carbon Market Watch}, year = {2021}, month = jul, url = {https://carbonmarketwatch.org/wp-content/uploads/2021/07/2021-06-Key-points_Ministerial-meeting-on-Article-6.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }