Article 6.4 of the Paris Agreement establishes the ‘Paris Agreement Crediting Mechanism’ – a framework for trading carbon credits from greenhouse gas reduction, avoidance or removal projects. The 6.4 mechanism is a centralised carbon market, overseen by a UN Supervisory Body, which sets the eligibility criteria for projects.
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25 June 2026
Explore how ‘standards’ establish thresholds and benchmarks that help to measure CO2 reductions, avoidances or removals achieved by carbon projects, produced in collaboration with Verra.
11 June 2026
Nationally Determined Contributions: the national targets to reduce greenhouse gas emissions submitted by each country voluntarily under the Paris Agreement.
11 June 2026
In the context of economics, an externality is a consequence of a business or industrial activity that affects third parties but which is not reflected in market prices.
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