International Market Mechanisms After Paris

This research paper examines the international carbon market mechanisms established under Article 6 of the Paris Agreement, specifically Cooperative Approaches (Art. 6.2-3) and the Mechanism for Sustainable Development and Mitigation (Art. 6.4-7). It analyzes the evolving goals of these markets and the ongoing negotiations regarding their technical design and governance.

• The primary objective of international carbon markets is shifting from a focus on increasing economic efficiency, which characterized the first development phase, toward a greater emphasis on raising mitigation ambition in the future.
• Negotiations for the design of market mechanisms under Article 6.2 and 6.4 are in their early stages, with unresolved technical and fundamental questions. Some issues are common to both mechanisms, such as robust accounting procedures and the relationship to Nationally Determined Contributions (NDCs), while others, like governance and the nature of Internationally Transferred Mitigation Outcomes (ITMOs), are specific to each mechanism.

APA

NewClimate Institute (2016). International Market Mechanisms After Paris. http://www.newclimate.org/resources/publications/international-market-mechanisms-after-paris

Chicago

NewClimate Institute. International Market Mechanisms After Paris. 2016. http://www.newclimate.org/resources/publications/international-market-mechanisms-after-paris.

Wikipedia

{{cite report |author=NewClimate Institute |title=International Market Mechanisms After Paris |date=17 November 2016 |url=http://www.newclimate.org/resources/publications/international-market-mechanisms-after-paris |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2016international, author = {{NewClimate Institute}}, title = {{International Market Mechanisms After Paris}}, institution = {NewClimate Institute}, year = {2016}, month = nov, url = {http://www.newclimate.org/resources/publications/international-market-mechanisms-after-paris}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }