Article 6 of the Paris Agreement (PA) is often referred to as the “markets article”, but it is more than that. Indeed, it offers a framework for international cooperation between Parties to meet the goals and objectives of the PA.
Understanding of the elements needed to operationalize Article 6 of the Paris Agreement (PA) has evolved since COP 21 through formal and informal discussions, through workshops as part of the UNFCCC process, and through Party submissions to SBSTA.
This meeting is part of the project “Implementation of markets and non-markets provisions in the Paris Agreement” project, which aims to create an informal atmosphere, where the main objective is to explore, discover, explain and understand different points of view related to the issues in Article 6 of the Paris Agreement. That is, to understand the options available to define rules, modalities and procedures on Article 6 of the Paris Agreement, as well as the consequences of adopting each option.
The discussions are free and informal, and will be held under Chatham House rule. This process is totally separate from the UNFCCC negotiating process. There is no intention or mandate to produce any text or negotiate an outcome.