Paris Agreement – Article 6 implementation

Get2C, a Portuguese company that is a global reference in climate change, recently published this document that raises the existing risks of Article 6 transactions, if not properly accounted, providing a misleading picture of global efforts to meet the goal of carbon neutrality.

To avoid double accounting of the actions undertaken by the different agents, a robust accounting system for Article 6 transactions will be key to the environmental integrity of the Paris Agreement. It will be essential to apply “Corresponding Adjustments” that allow us to ascertain the real data resulting from the different actions undertaken by different stakeholders.

Reaching an agreement under Article 6 will certainly unlock significant amounts of carbon finance, but it will depend on the quality of the negotiation outcome. A poor outcome may lead to significant under-utilization of Article 6 and undermine the viability of the Paris Agreement.

If you are interested in accessing more information or discussing the topic, please contact:

Pedro Barata (pedro.barata@get2c.pt)

Catarina Vazão (catarina.vazao@get2c.pt)

 

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