In the past 24 to 48 hours at COP31 in Antalya, Article 6 (international carbon markets) and related cooperative mechanisms have seen several notable developments:

• Germany’s New Article 6 Net-Zero Fund: Germany’s environment ministry and development bank announced a new fund in Antalya to provide up to €50 million in upfront payments for Article 6 carbon projects in exchange for future carbon credits.
• New Bilateral Agreements (Sweden & Ivory Coast): Activity under Article 6.2 continued to expand on the ground, highlighted by Sweden (via the Global Green Growth Institute and its ACCTIF facility) signing a new Article 6 climate cooperation agreement with Ivory Coast focused on sustainable transport and renewable energy.
• Debates Over Infrastructure Funding & Rules: Negotiations regarding Article 6.2 infrastructure funding have advanced through subsidiary body discussions, though delegates are navigating a mixed bag of proposals regarding registry tracking, penalties, and reporting requirements. This follows earlier statements from key negotiators—such as Switzerland’s lead—noting that there is broad resistance to reopening core structural changes to the established Article 6.2 rulebook, with countries instead focusing on practical implementation and transparency.
• Corporate and Coalition Push for High-Integrity Markets: A coalition of 16 countries released a joint statement at COP31 focusing on policy implementation to scale up high-integrity carbon credit markets, tying voluntary and compliance-driven standards closer together as nearly 94% of updated national climate plans (NDCs) now signal intent to use Article 6 mechanisms.

The 94% figure comes directly from data highlighted in the UNFCCC’s NDC Synthesis Report and institutional analysis leading into the summit (such as reports tracking global carbon market readiness and policy intent ahead of COP31).

It reflects the proportion of parties (national governments) that have indicated in their updated Nationally Determined Contributions (NDCs) that they plan to or may use international cooperative mechanisms under Paris Agreement Article 6 to help meet their climate targets—a significant rise from roughly 78% in prior reporting cycles.

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