BREAKING: New #COP25 text on Art 6/carbon markets just released. Bottom line is that Article 6.2 on bilateral transfers is almost complete and looks strong. But 6.4 still has options and brackets so the outcome for environmental integrity still hangs remains in the balance.
On 6.2, the text provides robust accounting guidance, including on the key issue of no double counting, covering all emissions reductions generated both inside and outside NDCs as well as those transferred for use for other purposes (i.e., airlines under CORSIA).
On 6.4 the text still includes options that are quite far apart on key issues of baselines, no double-counting, and transition of old Kyoto Protocol CDM credits into Paris. How those are resolved will be crucial to determining integrity.
It would be a shame to lose the robust accounting provisions in 6.2 because a handful of countries want to act w/o integrity. Nonetheless parties must ensure no double counting on 6.4 units and sharply limit use of CDM. Negotiators must hold the line on these issues.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
