Article 6 Pipeline
Article 6 of the Paris Agreement sets up a framework for countries to cooperate with each other towards the implementation of their NDCs through carbon markets (articles 6.2 and 6.4) and non-market modalities (article 6.8). These cooperative approaches can enable countries to reach their NDC targets in a flexible and cost-efficient way with the overall objective to allow for climate action ambition raising, promoting sustainable development, and ensuring environmental integrity.
Like it has been doing for many years for the Clean Development Mechanism (CDM) projects, UNEP Copenhagen Climate Centre has set up an excel-based database of Article 6 projects which it will maintain and update as needed. The aim of this database is to provide insights on the development of Article 6 projects and their contribution to countries´ NDC implementation and SDGs achievement at national and global level.
Currently, the Article 6 Pipeline contains information about 68 Article 6 pilot projects, which will hopefully open the way for the further development of carbon market activities under Article 6 of the Paris Agreement.
UNEP CCC will continue expanding this pipeline as new Article 6 projects are developed. It is expected that, eventually, the information in this pipeline will be transferred into an interactive and more user-friendly publicly available platform that will allow for easily exploring and analyzing Article 6 projects data.
Monthly news on Article 6 Pipeline:
In March 2023, 11 pilot projects/activities were added: 7 in Ghana, 1 in Thailand, 1 in Peru, 1 in Georgia and 1 in Malawi.