Mercados de emisiones de carbono en la COP26 de la CMNUCC y el Artículo 6

The document critiques the carbon market mechanisms being negotiated under Article 6 of the Paris Agreement, specifically Articles 6.2, 6.4, and 6.8. It argues that these markets allow developed countries and fossil fuel companies to avoid direct emission reductions through offsetting, which the author claims is incompatible with limiting global warming to 1.5 degrees Celsius. The briefing highlights technical concerns such as double counting and the lack of a legally binding demand for carbon credits, while emphasizing the risks to Indigenous peoples and local communities, including land grabbing and forced displacement. It calls for a shift toward non-market approaches and the fulfillment of public climate finance obligations by the Global North.

• Carbon emission markets are characterized as tools for climate inaction that allow fossil fuel companies and Northern governments to maintain an economy based on fossil fuels through offsetting rather than actual emission reductions.
• Article 6.2 focuses on the trade of 'internationally transferred mitigation outcomes' (ITMOs), but the author argues there is no real basis for such a market because the Paris Agreement lacks legally binding targets to establish supply, demand, or pricing.
• Technical controversies surrounding Article 6.2 include the risk of 'double counting' (using the same credits in different jurisdictions), the implementation of 'corresponding adjustments' in national accounting, and whether funds should be mandatory for the Adaptation Fund.
• Article 6.4 is intended as a potential successor to the Kyoto Protocol's Clean Development Mechanism (CDM), but it faces structural impediments because developed countries have no obligation to reduce emissions under the Paris Agreement, removing the incentive to pay for reductions in developing countries.
• Article 6.8 promotes non-market cooperative approaches that integrate adaptation and mitigation with poverty eradication, yet developed nations are accused of blocking its implementation to avoid increasing financial support for developing countries.
• Carbon markets are viewed as incompatible with the 1.5 degree Celsius target and are linked to human rights abuses, including forced displacements and 'cultural genocide' of Indigenous peoples and local communities.
• The European Union supports strict rules to prevent double counting to align Article 6.4 with its own emissions trading scheme, but opposes mandatory global mitigation (OMGE) and mandatory fund sharing for vulnerable countries.

APA

Stabinsky, D. (2021). Mercados de emisiones de carbono en la COP26 de la CMNUCC y el Artículo 6. Friends of the Earth International. https://www.foei.org/wp-content/uploads/2021/11/Mercados-de-carbono-COP26.pdf

Chicago

Stabinsky, Doreen. Mercados de emisiones de carbono en la COP26 de la CMNUCC y el Artículo 6. Friends of the Earth International, 2021. https://www.foei.org/wp-content/uploads/2021/11/Mercados-de-carbono-COP26.pdf.

Wikipedia

{{cite report |last1=Stabinsky |first1=Doreen |title=Mercados de emisiones de carbono en la COP26 de la CMNUCC y el Artículo 6 |publisher=Friends of the Earth International |date=October 2021 |url=https://www.foei.org/wp-content/uploads/2021/11/Mercados-de-carbono-COP26.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{stabinsky2021mercados, author = {Stabinsky, Doreen}, title = {{Mercados de emisiones de carbono en la COP26 de la CMNUCC y el Artículo 6}}, institution = {Friends of the Earth International}, year = {2021}, month = oct, url = {https://www.foei.org/wp-content/uploads/2021/11/Mercados-de-carbono-COP26.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }