Carbon Market Watch note on selected Article 6.4 elements following SBSTA 56 call for submissions

Carbon Market Watch argues against the use of Certified Emission Reductions (CERs) toward NDCs and the inclusion of emission avoidance in Article 6.4, while calling for a highly transparent mechanism registry and the mandatory application of corresponding adjustments to ensure overall mitigation in global emissions (OMGE).

• Certified emission reductions (CERs) should not be used to achieve Nationally Determined Contributions (NDCs) because most are of low quality and lack additionality, which could lead to an overall increase in emissions.
• The Article 6.4 mechanism registry must ensure high transparency by providing downloadable spreadsheets containing detailed project data, including annual baseline and project emissions, total credits issued, retired, and cancelled, GPS coordinates, and the names of developers and verification bodies.
• To ensure transparency in ownership, the registry should maintain a public record of all unit transactions, including the names of entities associated with holding accounts and the status of A6.4ERs held therein.
• The registry should include a system to track climate finance flowing to project developers, potentially through required disclosure of annual income, to assess the mechanism's impact.
• Overall mitigation in global emissions (OMGE) can only be achieved if corresponding adjustments are applied to all A6.4ERs set aside for cancellation (the minimum 2%); without these adjustments, the mitigation outcomes would still count toward the host Party's NDC, resulting in no net global mitigation.
• Emission avoidance should not be eligible for issuing A6.4ERs because the term is poorly defined and risks flooding the market with 'hot air' credits or crediting fossil fuel infrastructure, as occurred under the Clean Development Mechanism (CDM).

APA

Carbon Market Watch (2022). Carbon Market Watch note on selected Article 6.4 elements following SBSTA 56 call for submissions. https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301554-CMW-submission-on-Article-6.4-following-SBSTA-56.pdf

Chicago

Carbon Market Watch. Carbon Market Watch note on selected Article 6.4 elements following SBSTA 56 call for submissions. 2022. https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301554-CMW-submission-on-Article-6.4-following-SBSTA-56.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Carbon Market Watch note on selected Article 6.4 elements following SBSTA 56 call for submissions |date=30 August 2022 |url=https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301554-CMW-submission-on-Article-6.4-following-SBSTA-56.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2022carbon, author = {{Carbon Market Watch}}, title = {{Carbon Market Watch note on selected Article 6.4 elements following SBSTA 56 call for submissions}}, publisher = {Carbon Market Watch}, year = {2022}, month = aug, url = {https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301554-CMW-submission-on-Article-6.4-following-SBSTA-56.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }