Carbon Markets Deliver First Results: Climate Policies Cut 3.1 Gigatons, First Paris Credits Issued by UN
The UN has issued its first carbon credits under Article 6.4 of the Paris Agreement, marking a major milestone in establishing a globally governed carbon crediting mechanism. The issuance signals the transition of Article 6.4 from a regulatory framework to an operational system, with the potential to bridge voluntary and compliance markets. While the development strengthens the role of UN-backed credits, questions around credit quality and the legacy of CDM projects remain key considerations for market participants.
#Article6 #A6.4er #PACM #UNFCCC #Cookstove #Myanmar