When Less Is More Limits To International Transfers Under Article 6 Of The Paris Agreement

„The reason we went as far as we did in Katowice was because people expected a deal. These compromises were made as part of an agreement, so if an agreement does not come to fruition, people naturally come back from their compromises. This underscores a reason for disagreement on Article 6.4, namely that cdm hosts did not have their own emission reduction targets under Kyoto, meaning that it was impossible to „double“ savings to achieve more than one target. Such a system already exists under the Kyoto Protocol`s Clean Development Mechanism, with 2 per cent of the „certified emission reductions“ (RECs) it issues allocated to administrative costs and the Adaptation Fund. A related option in the draft text of article 6, paragraph 2, indicates that the general requirements to avoid double counting already adopted in accordance with paragraph 77 (d) of the Paris Regulation would be „supeceded[d]“ by the provisions of article 6. This is essentially an attempt to reopen the debate. IETA President Dirk Forrister explains another possible benefit of international trade. He told Carbon Brief that the potential to reduce greenhouse gas emissions and offset everything left with mining is not evenly distributed around the world. Brazil`s fingerprints are indicated in square brackets in option C of the current draft text on „Avoiding the use of emission reductions by more than one Party“, which states: „A Party hosting activities under Article 6(4) is not required to make an appropriate adjustment. International carbon markets can be an important tool for achieving countries` mitigation goals under the Paris Agreement, but they are subject to a number of risks to environmental integrity. A significant risk is that some countries will have reduction targets that correspond to higher emission levels than projections independent of their likely emissions. The lack of agreement on how to solve this problem reflects the technical challenges it poses, rather than political disagreements over the appropriate solution, says former co-chair Kizzier.

Finally, Article 6(9) establishes a `framework` – an ongoing work programme under the COP – which `promotes` the non-market approaches referred to in Article 6(8). .