Under the Paris Agreement, Article 6.2 allows countries to exchange emissions reductions and removals through bilateral agreements—country to country. Despite stalled progress on final details for Article 6.2 at COP28, the mechanism is in operation with guardrails that push countries toward high-integrity programs. New bilateral agreements continue to emerge under the mechanism and mobilize needed capital.
In a webinar hosted by Browning Environmental Communications and Environmental Defense Fund (available to stream here), we discussed the key elements of high integrity under Article 6.2, and why it’s critical for effective climate action under the rule.
While some details, including verification processes, are directly agreed upon between countries in their agreements, there are overarching parameters informing deals…
Read the full article originally published at blogs.edf.org.