2019
DOI: 10.22617/wps190559-2
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Negotiations on Article 6 of the Paris Agreement: Road to Madrid

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Cited by 6 publications
(4 citation statements)
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“…Parties are authorized to use "internationally transferred mitigation outcomes" (ITMOs) to achieve their "nationally determined contributions" (NDCs). Although the Paris Agreement intentionally avoids controversial terms such as "credits, " "allowances, " and "markets, " the Article 6 market provisions boil down to the same thing: the authorization of an international carbon credit market for purposes of demonstrating national emissions reductions (Marcu, 2016). The "Article 6 Rulebook, " the parties' collected decisions on implementation of Article 6, points toward the international exchange of carbon credits between nations for purposes of demonstrating national emissions reductions and reduction commitments (Chandrasekhar et al, 2022).…”
Section: The Emerging Article Market Frameworkmentioning
confidence: 99%
“…Parties are authorized to use "internationally transferred mitigation outcomes" (ITMOs) to achieve their "nationally determined contributions" (NDCs). Although the Paris Agreement intentionally avoids controversial terms such as "credits, " "allowances, " and "markets, " the Article 6 market provisions boil down to the same thing: the authorization of an international carbon credit market for purposes of demonstrating national emissions reductions (Marcu, 2016). The "Article 6 Rulebook, " the parties' collected decisions on implementation of Article 6, points toward the international exchange of carbon credits between nations for purposes of demonstrating national emissions reductions and reduction commitments (Chandrasekhar et al, 2022).…”
Section: The Emerging Article Market Frameworkmentioning
confidence: 99%
“…In this sense, Article 6 is a mechanism that many parties would like to use to reach their NDCs and which may also help to improve and develop their NDCs, even though some important parties have made it clear that they are not going to use Article 6 in their first NDC. Crucially, this is also the one sign for carbon pricing-related shareholders, which must be operationalized at COP 25 in order to continue the momentum (Marcu & Rambharos, 2019).…”
Section: United Nations Climate Change Conference Cop 25mentioning
confidence: 99%
“…Although Paris Agreement (PA) does not contain direct reference of carbon pricing, paragraph 136 of the COP Decision recognizes the importance of domestic policies and carbon pricing in emission reductions. Marcu (2016) argued that introduction of carbon pricing in the PA would have hampered the negotiations. However, parties to PA can voluntarily introduce carbon tax.…”
Section: Removal Of Co2 From Atmospherementioning
confidence: 99%