International Market Mechanisms After Paris

The document analyzes the evolving purpose and design challenges of international carbon market mechanisms under Article 6 of the Paris Agreement, noting a shift in priority from economic efficiency toward raising mitigation ambition.

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

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} }