The finalization of Article 6 ushers in an exciting new era of government-to-government cooperation through markets that can further scale up investment in climate action. Some countries are already taking advantage of Verra’s standards to underpin the quality of the mitigation that they incentivize through carbon market policies. “Cooperative approaches” implemented under the rules for Article 6.2 offer a unique opportunity for countries to use existing GHG crediting programs like the Verified Carbon Standard (VCS) to create high-quality carbon credits that can be counted toward countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement.
top of page
bottom of page