By Mathew Carr
Dec. 13, 2023 — Article 6 texts didn’t arrive today, as indicated they might by a person familiar with negotiations.
The 6.2 and 6.4 talks apparently ended with no deal, eroding the incentive for investors to prepare in 2024 to use them.
The global stocktake documents mentioned article 6 three times but didn’t say that much. There is also a section there on international cooperation.
I spoke with a participant from a large south-Asian nation this morning (Wednesday) Dubai time, who said he felt more hopeful about the direction of climate talks than at the same time last year.
Voluntary carbon markets will keep moving — even without much progress on 6.2 and 6.4 of the Paris deal, he said.
6.8 text is on the UNFCCC website, but nothing dated today (Dec. 13) on 6.2 and 6.4.
Carbon Pulse:
COP28: Countries reject key Article 6 texts in a major setback for carbon markets under the Paris Agreement
Published 00:27 on December 12, 2023 / Last updated at 06:09 on December 13, 2023 / Roy Manuell / Africa, Americas, Asia Pacific, Australia, Carbon Taxes, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary Country negotiators have failed to adopt two key texts on carbon crediting methodologies and international trade on the final scheduled day of COP28, throwing the future of markets as a climate solution under the Paris Agreement into turmoil.
(Updated to remove the confusion element)