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.
5 August 2025
Bioenergy with Carbon Capture and Storage. Involves the use of biomass converted into fuel and burned to produce energy, while the resulting CO2 is captured and stored.
28 July 2025
Some important news for carbon markets came this month in the form of the European Commission’s proposal for an amendment to its climate law for 2040.
24 July 2025
The Voluntary Carbon Market. Describes a market where project-based carbon credits are traded voluntarily and outside the scope of any national law (and regulation).
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