Update December 2020

A new study provides an updated overview of the global landscape of next generation of carbon markets in support of the Paris Agreement. The 3rd edition of a series of studies started in 2019 summarizes the state of play of real-world Article 6 piloting, focusing on early action and concrete implementation. The study also introduces a new conceptual approach which allows to capture the diverse Article 6 piloting landscape by differentiating between enabling initiatives and pilot activities that aim at generating internationally transferred mitigation outcomes and adaptation benefits. Current stakeholder experiences with Article 6 piloting are summarised and complemented with the authors’ insights from stakeholder consultations, including the views of buyer countries, host countries and project developers.

Authors: Sandra Greiner, Nicole Krämer, Federico De Lorenzo, Axel Michaelowa, Stephan Hoch, Juliana Kessler

Contributing Authors: Lieke ‘t Gilde, Aglaja Espelage, Hanna-Mari Ahonen, Matthias Poralla