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Article 6.4 progress update: work of the Supervisory Body on the Paris Agreement Crediting Mechanism

Briefings

July 2024

The Article 6.4 mechanism, now known as the Paris Agreement Crediting Mechanism, allows countries to trade reductions in carbon emissions in a manner that goes beyond zero-sum offsetting, to achieve their commitments under the Paris Agreement. This briefing aims to update Small Island Developing States and Least Developed Countries on the standards and procedures that have been adopted by the supervising body (Article 6.4) to inform the design of projects.