Carbon Market Watch note on selected Article 6.2 elements following SBSTA 56 call for submissions

Carbon Market Watch argues that 'averaging accounting' for single-year NDCs creates a risk of double counting that should be addressed through the ex-post cancellation of Internationally Transferred Mitigation Outcomes (ITMOs). The organization advocates for a 'public' default status for all Article 6 information and a transparent, machine-readable infrastructure for the Centralised Accounting and Reporting Platform (CARP). Additionally, it strongly opposes allowing 'emission avoidance' to qualify for ITMOs, citing poor definitions and the risk of crediting fossil fuel infrastructure.

• The use of 'averaging accounting' for Parties with single-year NDC targets creates a risk of double counting, which could lead to an aggregate increase in global emissions.
• To address double counting or over-crediting, Carbon Market Watch proposes a corrective measure where Parties must cancel ITMOs in proportion to the double-counted reductions or removals.
• The Article 6 technical expert review team should implement consistency checks to identify double counting, and reporting tables should include specific fields for Parties to disclose these occurrences and the corrective measures taken.
• All information reported under Article 6 should be public by default, and any claims of confidentiality must be strictly governed by clear rules and justifications.
• The Article 6 infrastructure, including the CARP, must be transparent and machine-readable to allow observers to identify the total tCO2e reduced, the users of ITMOs for NDC targets, and the identities of buyers and sellers.
• Emission avoidance should not be eligible for issuing ITMOs because the term is poorly defined and could lead to the crediting of fossil fuel use and infrastructure, repeating errors from the Clean Development Mechanism (CDM).

APA

Carbon Market Watch (2022). Carbon Market Watch note on selected Article 6.2 elements following SBSTA 56 call for submissions. https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301556-CMW-submission-on-Article-6.2-following-SBSTA-56.pdf

Chicago

Carbon Market Watch. Carbon Market Watch note on selected Article 6.2 elements following SBSTA 56 call for submissions. 2022. https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301556-CMW-submission-on-Article-6.2-following-SBSTA-56.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Carbon Market Watch note on selected Article 6.2 elements following SBSTA 56 call for submissions |date=30 August 2022 |url=https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301556-CMW-submission-on-Article-6.2-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 6.2 elements following SBSTA 56 call for submissions}}, publisher = {Carbon Market Watch}, year = {2022}, month = aug, url = {https://carbonmarketwatch.org/wp-content/uploads/2022/09/202208301556-CMW-submission-on-Article-6.2-following-SBSTA-56.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }