Key Takeaways on Article 6 at COP29

The 29th Conference of Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) marked a milestone for Article 6 of the Paris Agreement as countries finalized the remaining building blocks of carbon markets. This report shares key takeaways and what comes next for COP30. 

A fully operational Article 6 offers countries a powerful tool to scale up mitigation efforts to achieve their Nationally Determined Contributions (NDCs). If implemented right, Article 6 will help channel much-needed climate finance – both public and private - to developing countries, enabling meaningful investments in mitigation activities, including carbon removals:

The report is part of a series by The Nature Conservancy, including:

• Article 6 Explainer: This paper offers straight forward guidance on what was decided at the UNFCCC COPs and dives into the complex implications of Article 6 for NDCs, nature and the VCM.
• Article 6 Implementation: This paper explores these tools and trends in Article 6 implementation, using the examples of 8 seller countries - The Bahamas, Ghana, Indonesia, Kenya, Paraguay, Rwanda, Tanzania, and Zambia - as well as insights from buyer countries including Switzerland, Singapore, Sweden and Norway.
• Article 6 and REDD+: The relationship between Article 6 and REDD+ has been a controversial topic and ground for heated discussions. This paper breaks down the relationship between REDD+ and Article 6.