Article 6 (Market Mechanisms)

Article 6 of the Paris Agreement facilitates international cooperation by allowing countries to collaborate on carbon reduction efforts using market-based approaches. It enables countries to transfer and sell emissions reductions achieved through their climate actions, promoting cost-effective solutions. This includes mechanisms like international carbon trading and offset programs, which help countries meet their climate goals more efficiently. Proper accounting ensures that reductions are not double-counted, maintaining environmental integrity and transparency. Overall, Article 6 encourages countries to work together economically to lower global greenhouse gas emissions, fostering a more flexible and innovative approach to achieving climate targets.