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Article 6.2 could be used in a situation where national or regional instruments such as the EU Emissions Trading Scheme (ETS) are linked with comparable systems in order to create a common, cross-border carbon market. National and bilateral carbon credit-based systems operated outside the realm of the UNFCCC could
Hands holding a tree inside of a light bulb. Action for Climate Empowerment (ACE) is a term adopted by the United Nations Framework Convention on Climate Change (UNFCCC). It refers to Article 6 of the Convention's original text (1992), focusing on six priority areas: education, training, public awareness, public participation, public access to information, and international cooperation on ...
Action for Climate Empowerment (ACE) is a term adopted by the UNFCCC in 2015 to have a better name for this topic than "Article 6". It refers to Article 6 of the convention's original text (1992), focusing on six priority areas: education, training, public awareness, public participation, public access to information, and international ...
Article 6 is the only important part of the agreement yet to be resolved; negotiations in 2019 did not produce a result. [83] The topic was settled during the 2021 COP26 in Glasgow . A mechanism, the "corresponding adjustment", was established to avoid double counting for emission offsets.
The formal crediting period for JI was aligned with the first commitment period of the Kyoto Protocol, and did not start until January 2008 (Carbon Trust, 2009, p. 20). [6] In November 2008, only 22 JI projects had been officially approved and registered.
The UNFCCC was opened for signature on 9 May 1992, after an Intergovernmental Negotiating Committee produced the text of the Framework Convention as a report following its meeting in New York from 30 April to 9 May 1992. It entered into force on 21 March 1994. As of July 2022, UNFCCC has 198 parties.
From 2026 on, they must meet all Article 6 requirements. Up to 2.8 billion credits could potentially become eligible for issuance under Article 6.4 if all CDM projects transition. [24] Article 6 does not directly regulate the voluntary carbon markets. In principle, it is possible to issue and purchase carbon offsets without reference to Article 6.
The pledge-and-review approach was first introduced at 1991 talks that occurred in Geneva, to prepare the way for the UNFCCC. Pledge and review is a method for facilitating international action against climate change .