Article 6.2 of the Paris Agreement allows countries to exchange greenhouse gas emissions reduction credits through bilateral or multilateral agreements, to help meet their climate targets (Nationally Determined Contributions). These credits are called Internationally Transferred Mitigation Outcomes (ITMOs). Article 6.2 allows countries to establish their own governance frameworks and policies for cooperation and is not overseen by the UN.
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The Carbonwise editorial team is formed of seasoned established industry writers and specialist journalists.
24 March 2026
The European Commission proposed several important changes to the EU Emissions Trading System (EU ETS) in March after recent pushback from industry over rising costs.
23 March 2026
Brown coal, also known as lignite or 'soft coal', is a combustible sedimentary rock formed of naturally compressed peat.
18 March 2026
It’s not clear to many how carbon credits come into existence. They don’t just ‘pop up’ in the way central banks increase the currency supply.
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